We have a $1 trial product. A while back I had 1000+ $1 transactions come through in one day, highly unusual. It was someone testing a huge batch of CC details to find which cards worked.
I asked the payment gateway provider if they were going to block those active cards, and their reply blew my mind…
“No, each corresponding bank needs to do that individually.”
Meanwhile someone now has 1000 CC details they know works, off they go to spend up a storm for a week or more until the CC owner reports it as fraud, which the bank automatically refunds them, the fraudster keeps their stealings, and the bank reverses the charge to the business where the goods were purchased.
Insane.
billy / Billy
npub1fr…v0e20
2023-01-21 17:48:30
in reply to nevent1q…emll
Author Public Key
npub1frx6y9jagdpgky6n0e8653wna6mejmghkwnglfpva3hkmuymlxusev0e20Published at
2023-01-21 17:48:30Event JSON
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"pubkey": "48cda2165d43428b13537e4faa45d3eeb7996d17b3a68fa42cec6f6df09bf9b9",
"created_at": 1674323310,
"kind": 1,
"tags": [
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"content": "We have a $1 trial product. A while back I had 1000+ $1 transactions come through in one day, highly unusual. It was someone testing a huge batch of CC details to find which cards worked. \nI asked the payment gateway provider if they were going to block those active cards, and their reply blew my mind…\n“No, each corresponding bank needs to do that individually.”\n\nMeanwhile someone now has 1000 CC details they know works, off they go to spend up a storm for a week or more until the CC owner reports it as fraud, which the bank automatically refunds them, the fraudster keeps their stealings, and the bank reverses the charge to the business where the goods were purchased.\n\nInsane.",
"sig": "6b8a7662ec1c49ee9c2777fddd36361d1ece4b0eebeecfbe224c32f77fdd05043066d34b4c1413ab28ba54fc72eaaccd6eb054d5b681e053ef02cd444c7195e8"
}