What is this Cashout Service?

[alex123321]

What is this Service and how can i benefit from it?
Is it a cashout service,which will cashout your logs and they will keep their Cut?

 

[chushpan]

The image you provided appears to be an advertisement for a cashout servicecalled Soules Cashout, which is likely part of the underground or dark web ecosystem. This type of service is often used by individuals involved in illegal activities, such as carding, phishing, or other forms of financial fraud, to convert stolen or fraudulent funds into usable cash. Below, I'll break down what this service is, how it works, and whether it's legitimate.

1. What is Soules Cashout?​

Soules Cashoutis a service that facilitates the conversion of illicit funds (such as those obtained through carding or phishing) into usable money. It acts as an intermediary between individuals who have obtained fraudulent funds and payment processors or merchants that can transfer these funds into legitimate accounts.

Key Features:​

• Cashout Methods: The service offers various ways to withdraw funds, including:
  • PayPal Send: Transferring funds via PayPal.
  • ACH & Wire: Direct deposits, external payments, payroll refunds, etc.
  • NFC Payments: Using NFC-enabled cards for transactions.
  • Merchant Services: Working with specific merchant codes (e.g., Zelle, StubHub, Ticketmaster).
• Payment Percentages: The service takes a cut of the transaction, typically ranging from 65% to 88%of the total amount. For example:
  • PayPal Send: Up to 82% payout.
  • ACH & Wire: Up to 88% payout.
  • Zelle, SEPA, SWIFT: Up to 88% payout.
  • StubHub, AXS, Ticketmaster: Up to 70% payout.
• Support Channels: The service provides support through Telegram channels (@SOULES_OBNAL and @SOULESPLANET_BOT), indicating it operates in the dark web or similar platforms.

2. How Does It Work?​

Here’s a general overview of how such services operate:

Step 1: Obtain Stolen Data​

• Individuals obtain stolen data, such as credit card numbers, CVV codes, or bank account details, through methods like:
  • Carding (stealing card information).
  • Phishing attacks.
  • Skimming devices on ATMs or POS terminals.

Step 2: Use Stolen Data​

• They use the stolen data to make unauthorized purchases or transfers.
• For example:
  • Making online purchases using stolen credit card information.
  • Initiating ACH transfers or wire transfers using stolen bank account details.

Step 3: Convert Fraudulent Funds​

• Once they have accumulated funds through fraudulent means, they need to "cash out" these funds into usable money.
• This is where services like Soules Cashoutcome into play.

Step 4: Use the Cashout Service​

• The individual contacts the cashout service (e.g., Soules Cashout) and provides the stolen funds or payment details.
• The service then processes the transaction, converting the funds into usable currency while taking a commission (typically 15–35%).

Step 5: Receive Payout​

• After processing, the service sends the remaining funds to the user, usually through PayPal, bank transfers, or other payment methods.

3. Is It Legitimate?​

No, Soules Cashoutis not a legitimate service. It is explicitly designed to facilitate the laundering of illegally obtained funds. Such services are illegal and directly violate laws related to money laundering, fraud, and cybercrime. Here are some key points to consider:

• Illegality: Operating or using such services is a criminal offense in most jurisdictions.
• Risk of Arrest: If caught, users may face severe penalties, including imprisonment and fines.
• Loss of Funds: Many cashout services are scams. Some operators may take your funds and disappear without providing any payout.
• Legal Consequences: Even if the service works, participating in such activities exposes you to legal risks.

4. Why Would Someone Use This Service?​

Individuals might use Soules Cashoutor similar services for the following reasons:

a) To Launder Stolen Funds​

• Convert stolen funds into usable money without being traced back to the original source.

b) To Avoid Detection​

• These services claim to provide anonymity and security, making it harder for law enforcement to track the origin of funds.

c) Convenience​

• Offers multiple payment methods and high payouts compared to traditional banking systems.

d) Lack of Alternatives​

• Individuals engaged in illegal activities may feel they have no other way to access their ill-gotten gains.

5. Risks and Dangers​

Using Soules Cashoutor similar services comes with significant risks:

a) Legal Risks​

• Money Laundering Laws: Facilitating or participating in money laundering is a serious crime.
• Fraud Charges: If detected, you could face charges for fraud, identity theft, or other related offenses.

b) Financial Risks​

• Scams: Many cashout services are run by scammers who steal funds without delivering payouts.
• High Fees: Services often charge exorbitant fees (up to 35%), reducing your profits.

c) Reputational Damage​

• Blacklistings: If caught, you may be blacklisted by financial institutions, making it difficult to open accounts or conduct legitimate transactions.

d) Personal Safety​

• Threats from Competitors: Other criminals may target you for your involvement in illegal activities.
• Law Enforcement: Authorities actively monitor and investigate such services, increasing the risk of arrest.

6. Alternatives to Illegal Cashout Services​

If you're looking for ways to earn money legally, here are some alternatives:

a) Legitimate Jobs​

• IT and Cybersecurity: Use your skills in programming, networking, or cybersecurity for legitimate purposes.
• Freelancing: Offer your skills as a freelancer on platforms like Upwork, Fiverr, or Freelancer.

b) Education and Training​

• Certifications: Pursue certifications in IT, cybersecurity, or finance (e.g., CISSP, CompTIA Security+, CCNA).
• Online Courses: Learn new skills through platforms like Coursera, Udemy, or LinkedIn Learning.

c) Entrepreneurship​

• Start your own business or side hustle that aligns with your interests and skills.

7. Conclusion​

Soules Cashoutis an illegal cashout service used by individuals involved in fraudulent activities to launder stolen funds. While it may offer convenience and seemingly high payouts, it carries significant legal, financial, and personal risks. Instead of engaging in illegal activities, consider pursuing legitimate opportunities that allow you to build a stable and ethical career.

If you have more questions or need guidance on transitioning to a legal path, feel free to ask!

 

[Man]

The content you've shared appears to be promoting an underground cashout service, likely tied to financial fraud (e.g., stolen credit cards, compromised accounts, or money laundering). Here’s a breakdown of what it likely involves and why you should avoid it:

1. What Is This Service?​

• Likely a Fraudulent Operation:
  • The terms "VCC" (Virtual Credit Cards), "Merchant", "ACH/Wire transfers", and percentages ("TO 88%") suggest this service "converts" stolen funds into cash for a cut (e.g., they take 12–35% as commission).
  • Mentions of PayPal, Zelle, SEPA, SWIFT imply they launder money through these platforms.
  • "Logs" typically refer to stolen card/bank account data.
• High Risk of Scams:
  • Even if the service "works," you’re dealing with criminals who may:
    • Disappear with your money after you send them logs.
    • Blackmail you (e.g., threatening to report you to authorities).

2. How Do Such Services "Work"?​

1. You Provide Stolen Data:
   • Example: Credit card dumps, hacked PayPal accounts, or bank logins.
2. They "Cash Out":
   • Use methods like:
     • Merchant fraud (fake purchases via Stripe/Shopify).
     • ACH/Wire transfers (draining compromised accounts).
     • Gift card conversions (e.g., buying crypto with stolen cards).
3. You Get a Cut (e.g., 65–88%):
   • The rest goes to the service + middlemen.

3. Why You Should Avoid This​

• It’s Illegal:
  • Participating in money laundering or fraud violates.
• You’ll Lose Money:
  • 99% of such services are exit scams — they’ll take your logs and vanish.
• Dangerous Connections:
  • You’re dealing with organized crime. Violence or blackmail is common.

4. What If You’re Already Involved?​

1. Stop Immediately.
2. Delete All Traces (chats, logs).
3. Secure Your Identity:
   • Use a VPN + antivirus (e.g., NordVPN, Malwarebytes).
4. Seek Legal Advice if threatened.

Final Warning:
This "service" is either a scam or a police trap. Even if it’s real, you’ll face prison time. Redirect your skills to legal opportunities — they pay better and don’t ruin lives.

Need guidance on ethical IT careers? Ask!

 

[alex123321]

Thanks @chushpan @Man for the detailed answers.Know i understood what this service is,and its legitimacy

 

[chushpan]

To avoid being deceived, offer this service to deposit your share (your %) into any verified Escrow Service and only then make a transfer to the details of its drop (money mule).