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Anyone know how they deal with the money laundering problems? I do not, but this is the Internet, so I can speculate wildly :) Tipjoy seems to be focused on m
by brk 17y ago
Anyone know how they deal with the money laundering problems?
I do not, but this is the Internet, so I can speculate wildly :)
Tipjoy seems to be focused on micropayments. Unless you are only trying to launder $5 or $10, it would take a metric fuckload of "tips" to launder any significant amount of money. I would presume (which sounds so much more highbrow than assume) that it would be simple to look to filter out and flag potential laundering schemes. Either the average amount of tip, or the average # of tips between two users would be obvious outliers.
- mahmud 17y agoWhat you describe (large amounts of small payments to one user) is called smurfing, and both banks and paypal have something in place to guard against it. One "benefit" of requiring Paypal is that you're offloading the responsibility of final delivery to them. http://en.wikipedia.org/wiki/Smurfing_(crime) http://en.wikipedia.org/wiki/Smurfing_(crime)