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Not exactly. Some people are in the business of gathering and selling valid credit cards. They won't cash out on them or buy items. Instead, they'll collect ca
by defer 5y ago
Not exactly. Some people are in the business of gathering and selling valid credit cards.
They won't cash out on them or buy items. Instead, they'll collect cards from a source (skimming, hacking, whatever), validate them by adding them to a website that does an authorization (those $1 checks that never get committed). They can then sell them wholesale for a premium compared to non-verified cards.
- vidarh 5y agoYou'd think so, but I've personally had to find ways of blocking people who were buying premium services for an online service to validate cards.
- dxdm 5y agoDoing tiny transactions to validate cards is a thing. I've seen this happen, it's a known problem, and that at other times it's larger transactions does not make it go away.
- defer 5y agoOh, for sure. It's definitely not either/or. I've worked in fraud prevention software in the past and our clients would definitely see both. I've been away from that world for a while but remember that more serious operations will separate the cashing out part (either money or goods) from their acquiring / validating operation because the former carries more risk. There's also an interesting episode of the darknet diaries podcast (https://darknetdiaries.com/episode/85/ https://darknetdiaries.com/episode/85/) about card cloning which I found interesting.