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I wonder why the prices are low compared to the expected returns? Perhaps there aren't many buyers out there, or there are just too many stolen CCs that the ma
by joosters 12y ago
I wonder why the prices are low compared to the expected returns?
Perhaps there aren't many buyers out there, or there are just too many stolen CCs that the market is swamped by them.
OTOH, maybe the payoffs for CC fraud are actually lower than you might expect... could the banks be getting better at blocking cards sooner?
- symlinkk 12y agoIt's because actually cashing out is extremely risky.
- csommers 12y agoIt's a combination of both. There are far FAR too many CC numbers available out there and when you consider the work needed to find a viable one, not to mention the legal issues resulting from this...it's pretty clear why they are so "cheap". It's pretty comparable to the current stolen iPhone market(assuming iCloud locked), as they are basically a paperweight in that configuration, which makes them a "traders" commodity of sorts. Much like this, I've seen CC "packages" used as a sort of commodity, where the partners aren't as much interested in using the CCs, as they are merely selling them off later.
- ultramancool 12y agoRisk. The payoffs are there but if the account info is changed or you get caught, you lose big. That's why they're selling them rather than cashing out.