PayPal Theory

[Maleficium]

What would happen if:

I sent money via G&S to a PayPal account that I newly made and spent the money. Then, I file a dispute with the original account and get refunded? Can PayPal be exploit like this?

 

[Jakob]

Doubt it. At least definitely not legally(obviously).

 

[Smart]

If you're curious, try it out. But they can probably match up the IPs and may limit your account for attempting to exploit. Also, it is unethical so if you have morals/values, don't do it

 

[Maleficium]

If you're curious, try it out. But they can probably match up the IPs and may limit your account for attempting to exploit. Also, it is unethical so if you have morals/values, don't do it

I wasn't going to do it; i was just wondering what would happen

 

[Maleficium]

nothing happens just account gets limited.

So I could basically just make infinate amount of accounts and keep doing this?

 

[Ivain]

Theoretically, yes. However, it would put one account into a negative balance, which if it is unverified will mean it becomes limited until it is paid off.
Apart from that, you'll have to convince them that there was a good reason to charge back.
You can only use an email address once per account this way too.
And if you use the same central account to send the money, they'll start thinking harder and harder if those chargebacks are legit.
If you go too far, you might get charged with fraud. Even if you use a VPN, they can eventually track you down, because at some point you'll make a mistake. Or, if the amount of exploited money is large enough, they might contact the VPN host.

All in all, fucking with paypal is a bad idea. If you do end up with fraud charges, you'll find life becomes incredibly difficult. You'd have a harder time finding a job, and if it became known that you were running a business as a person convicted for fraud, you could not gain anyone's trust.

 

[Hannes]

So you'd be generating money from thin air? I'm pretty sure this would be too bad/good to be true (depending on your views on it). So let's just say this happens:

[Person A] pays [Person B] $100 via G&S
[Person B] spends that on a minecraft account.
[Person A] disputes that transaction, and "wins".

I think what would happen is what's similar to when a cheque "bounces". The person who won the refund simply wouldn't be given the money. If this wasn't the case, then PayPal would be in huge debt from being forced to generate money.

PayPal does earn a bit though from the fees etc, that's why your account can have a negative balance without them being in debt.

 

[Taiga]

I remember Ajdin once said in sb "Don't fuck with paypal/amazon/any big internet companies about stealing their money"
You could probably keep rising the numbers inside paypal itself, but I dont know if you could find a way to succesfully turn those money into real goods/currency. As rkt said above, the cash isn't instant. If there was a way to safely steal money from paypal, someone has already done it and paypal has already patched it, and I dont know why anyone would try to get 3-4 siffered numbers and risk their entire future career and prison time/huge costs. Paypal knows how to contact VPN providers, and they will definitly come after you if you try and steal from them.

 

[UGaming]

What would happen if:

I sent money via G&S to a PayPal account that I newly made and spent the money. Then, I file a dispute with the original account and get refunded? Can PayPal be exploit like this?

I thought the same thing awhile back XD
Wouldn't recommend testing.

 

[Hannes]

eBay own paypal so they cant really "run out of money"[DOUBLEPOST=1489772165][/DOUBLEPOST]

They owned it, they sent out an email a year ago-ish where they said they don't have anything to do with ebay anymore and updated their TOS/Privacy Policy.

 

[Ajdin]

I wouldn't suggest this at all. When they eventually find out (which they will), they'll be chasing their lost money. And to be frank, I wouldn't blame them as you're basically committing fraud which is illegal.

Do you really think nobody tried this before? PayPal isn't new. They have been around for 20 years and have their procedures to deal with cases like these.

I've had PayPal debt collectors on my ass for €140 on an old lost PayPal account that I had.[DOUBLEPOST=1489772565][/DOUBLEPOST]

eBay own paypal so they cant really "run out of money"

Everyone can run out of money. Look at the bank crisis that happened a few years ago. PayPal is a company and bank just like any other.

 

[Fire]

Its possible if you're smart about it. Don't use a VPN, they could get onto the provider, as people have said. Some VPN providers do say they don't log anything, but personally wouldn't trust that. So something like TOR would be a better alternative. Instead of just spending the money on stuff. Which could lead back to you. Since PayPal could contact the person you bought something off. Buy a crypto currency like bitcoin with it. (Several sites you can do this with on the internet). You would have to use TOR for everything, right from creating the email, to creating the PayPal accounts (Would need to keep making new ones, since using the same one would attract more attention).

That's my thought process of how it could be done. However I would still recommend against it. PayPal does screw people over sometimes, but that doesn't really make it ethical to steal money like that from them. You would also need to make 0 mistakes and be somewhat carful where you spend your bitcoin. Since PayPal could contact the site you purchased it from and get your bitcoin address. Say if you did that, then bought an OG from someone on MCM, they could monitor the transactions on that address. See the address of who you purchased the account from. Which is safe, unless they have their address on a website or something linking to them, which would be as easy as googling their bitcoin address. PayPal could then contact the person you bought the account from. Who likely grass you up (I know I would if PayPal was on my case about that, I don't want to get into legal trouble for something you did), MCM tells PayPal your actual IP. Your ISP tells PayPal your address. PayPal informs the authorities. That's just one way you could get caught, there are loads of eventualities that would need to be accounted for. Whatever method you use for spending the money.

If you used that, over the span of a few months in ~$50 sums, you could gain a few k. But I wouldn't really think it's worth it. Since you wouldn't be able to help feeling at least a bit paranoid that you will get a knock on the door and be arrested for fraud. Which would happen if they find you have accumulated a large sum of money scamming them. They have a reputation to maintain. If everyone thinks they can easily scam them, they will have problems. If something didn't goto plan, like the example above. Its really not worth it. A few k now might sound great, but not really worth the risk of getting caught. Since that would affect the rest of your life. Making it hard to get a decent job. As well as what else happens to you. Either jail time, or a considerable fine. (Way more than what you actually stole from them). Ultimately, not a good idea.

 

[AdamEdits]

.

 

[Misaki]

What would happen if:

I sent money via G&S to a PayPal account that I newly made and spent the money. Then, I file a dispute with the original account and get refunded? Can PayPal be exploit like this?

You'll get restricted if you use both accounts under the same IP.

 

[Gunny]

If you're curious, try it out. But they can probably match up the IPs and may limit your account for attempting to exploit. Also, it is unethical so if you have morals/values, don't do it

Such a thing as tor.[DOUBLEPOST=1489948770][/DOUBLEPOST]

Its possible if you're smart about it. Don't use a VPN, they could get onto the provider, as people have said. Some VPN providers do say they don't log anything, but personally wouldn't trust that. So something like TOR would be a better alternative. Instead of just spending the money on stuff. Which could lead back to you. Since PayPal could contact the person you bought something off. Buy a crypto currency like bitcoin with it. (Several sites you can do this with on the internet). You would have to use TOR for everything, right from creating the email, to creating the PayPal accounts (Would need to keep making new ones, since using the same one would attract more attention).

That's my thought process of how it could be done. However I would still recommend against it. PayPal does screw people over sometimes, but that doesn't really make it ethical to steal money like that from them. You would also need to make 0 mistakes and be somewhat carful where you spend your bitcoin. Since PayPal could contact the site you purchased it from and get your bitcoin address. Say if you did that, then bought an OG from someone on MCM, they could monitor the transactions on that address. See the address of who you purchased the account from. Which is safe, unless they have their address on a website or something linking to them, which would be as easy as googling their bitcoin address. PayPal could then contact the person you bought the account from. Who likely grass you up (I know I would if PayPal was on my case about that, I don't want to get into legal trouble for something you did), MCM tells PayPal your actual IP. Your ISP tells PayPal your address. PayPal informs the authorities. That's just one way you could get caught, there are loads of eventualities that would need to be accounted for. Whatever method you use for spending the money.

If you used that, over the span of a few months in ~$50 sums, you could gain a few k. But I wouldn't really think it's worth it. Since you wouldn't be able to help feeling at least a bit paranoid that you will get a knock on the door and be arrested for fraud. Which would happen if they find you have accumulated a large sum of money scamming them. They have a reputation to maintain. If everyone thinks they can easily scam them, they will have problems. If something didn't goto plan, like the example above. Its really not worth it. A few k now might sound great, but not really worth the risk of getting caught. Since that would affect the rest of your life. Making it hard to get a decent job. As well as what else happens to you. Either jail time, or a considerable fine. (Way more than what you actually stole from them). Ultimately, not a good idea.

Little sums over a period of time might be a better idea. For people who in need of it that is.