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It would be so easy to stop scammers if international transactions were insured and reversible. Governments just don't care at all about stopping scammers.
by throwaway48476 2y ago
It would be so easy to stop scammers if international transactions were insured and reversible. Governments just don't care at all about stopping scammers.
- redserk 2y agoBut a lot of scams don’t require this. The international transaction side isn’t with the victim, it’s with a completely different person happily sending cash over. Say you run a gift card scam. Victim buys $100 in gift cards and provides you codes. You sell the $100 gift cards on a marketplace for $75. A completely unrelated person buys the gift cards for $75 from you. That unrelated person is satisfied, they got $100 for $75. They got a deal. You got $75 from a happy customer. The loser is the person spending $100 in gift cards. Other scams require you send money to a domestic “mule”, who then sends the money along not realizing it.
- 3np 2y agoAlso triangulation fraud: 1. Acquire stolen ccs 2. Set up web shop (or Amazon/eBay account) with attractive deals 3. When an order comes in, purchase the ordered item elsewhere using a stolen CC and have it sent to buyer The clueless buyer will be the one under investigation for cc fraud.