I sell VCCs and Verified Paypal Accounts <--- Questions of legality

OMG .. i am talking about the selling VCC not the paypal account LOL

Kindly read my full post ...Selling paypal account is not legal We all know that .

 

OH.......Never mind

 

In my opinion, no worries about paypal & VCC.Paypal doesn't even contact you for legit purposes unless for something like limiting ac for unauthorized transactions and blah blah.They won't respond for the disputes and complaints in real sense.

But you must think its ideal for the bank ya using to create VCC or its against their TOS.I too sold out hundreds of VCCs past and neva faced any problem.

 

As for VCC, as long as you have the explicit permission from the issuing bank to resale them and that you have a license from them for that purpose, it would be legal. If you have not sought the bank's permission then it would not be legal. Check with your bank in regards to that.

The very purpose of verification is not to just go through some motions for the sake of going through them but rather it is to ascertain that the account holder provides accurate information about himself and that they are from a paypal supported country. What you are doing is just making a mockery of the verification process. It does not matter if you are doing it for charity or charging an arm and a leg for it, it is just plain wrong.

Paypal does not provide you with a list of supported countries so that you can ignore them. They are there for a reason.

As for selling accounts, you can say you provide real details but are they 100% the real details of the account holder which is using the account for their exclusive purpose ?

 

Illegal yes, jail time well it all depends on the quantity and on what paypal decides.

 

VCCs are legal, I don't think selling those paypal accounts are legal though!

 

You guys saying "VCCs are legal" in such a general sense really need to make sure you're paying attention to the TOS and not your own personal ethics standards.

The term "Virtual Credit Card" is open to interpretation.

For instance I could get a Greendot prepaid credit card from Walgreens and activate it online with fradulent or legitimate details.
Greendot issues a temporary, or "virtual" credit card number that I can use online while waiting for the plastic one to get to me.

Greendot has the following in their cardholder agrement.

As with using fradulent details to activate a Paypal account, doing so with a VCC again opens you up the the chance of criminal wire fraud charges.

 

Well INDIAN BANKS DOES NOT HAVE ANYTHING LIKE THIS IN THEIR TOS as per my knowledge .

 

..and you have checked the legalities and TOS of every Indian bank ? I don't understand this thread.
Of course setting up fraudulent accounts is illegal.
Putting an account in a fake name is illegal.
Selling an account to one person, with another persons name on it is illegal.
Setting up an account with the right name, but some one elses, or fake information is illegal.

It's illegal in just about every country that adheres to international banking laws, and those that don't, are banned from Pay Pal until they do.

Wake up people, these laws were out into place to stop human traffickers, drug dealers, and terrorists from hiding their identities and transferring money. Just because you say it's O.K., doesn't make it so.

Bottom line is, if someone is coming to you because they are unable to get an account in their own name, then it should be obvious that you are breaking the law by helping them to do so, or else they would not need someone else to do it for them.

By doing this, you have no idea who you are really helping, or what criminal entity you are facilitating. None. And if you do in fact help a criminal operation (which you assume is just another webmaster looking for help), your ignorance will not help you in court one bit.

For all you know you are setting up Pay Pal accounts for hundreds of members of sleeper cells to transfer funds back and forth to each other to facilitate destructive activities.
It's irresponsible because you really don't know who you are dealing with,a nd if the ball drops, or some investigation leads back to you...you go down too. It deosn't matter what kind of person you think you are, or what intentions you had in your heart.

I can't believe so many "innocent " people would be so irresponsible for a couple of bucks.

Setting up fake accounts is illegal.
Helping other people set up accounts is illegal.

 

..and you have checked the legalities and TOS of every Indian bank ? I don't understand this thread.
Of course setting up fraudulent accounts is illegal.
Putting an account in a fake name is illegal.
Selling an account to one person, with another persons name on it is illegal.
Setting up an account with the right name, but some one elses, or fake information is illegal.

It's illegal in just about every country that adheres to international banking laws, and those that don't, are banned from Pay Pal until they do.

Wake up people, these laws were out into place to stop human traffickers, drug dealers, and terrorists from hiding their identities and transferring money. Just because you say it's O.K., doesn't make it so.

Bottom line is, if someone is coming to you because they are unable to get an account in their own name, then it should be obvious that you are breaking the law by helping them to do so, or else they would not need someone else to do it for them.

By doing this, you have no idea who you are really helping, or what criminal entity you are facilitating. None. And if you do in fact help a criminal operation (which you assume is just another webmaster looking for help), your ignorance will not help you in court one bit.

For all you know you are setting up accounts for terrorist sleeper cell members posing as webmasters. You don't know, and if the ball drops somewhere in India (for example) and an investigation leads back to you...you go down with it. It doesn't matter what you intention were, or how ignorant you claim.

Plenty of bankers went down in the 80's and 90's from inadvertently helping S. American drug traffickers under the guise of helping them set up businesses, so don't think playing ignorant will help you when it comes to the seriousness of international crimes of today.

Setting up fake accounts is illegal.
Helping other people set up accounts is illegal.

 

We are not setting any fake accounts .Infact am not selling any kind of account

selling a Vcc voucher to a webmaster who does not own a credit card and have no other way to get the limitation out of his paypal account is no wrong IMO

See creating a vcc for verifying paypal is quite objectionable i can understand that ..but everytime i sell i to someone i make sure that it goes in right hand and yea am considering quitting this until i find a good alternative . :Learning to make squidoo lenses and few other stuff which can give me a good 20-30 a day . Please note that i just do not sell it to complete stranger .Anyways Selling it on DP is not allowed and hence talking much about it here should also be not allowed .The Op has just started this thread to seek attention in different Style ..cuz he Mentions in one of his post that he sells it ... it was ok till then ..then again in his second post he mentions the price etc so that he can get some juice out of this post in Search engine ....

 

But you don't know who they are, or if they are even a webmaster...and as you said, "In your opinion" ,not according to the law that you know for sure.

I mean seriously, who cannot get a Pre Paid credit card in their name ? It's not that hard.
The whole thing wreaks.
If you are ever questioned, the authorities will ask you, "In this day and age, why in the world would you assist someone in setting up a bank account that you don't know?"

What ever your answer is, it will sound stupid.

I'm not trying to stop you from making your money, but don't act as if you are some webmaster saint trying to help people out...you know there is something shady about people looking for someone else to help them set up a bank account.

What do you mean you "make sure it goes in the right hand"? Do you verify identity information and check it against criminal databases ? Do you physically meet the people ? Do you check international banking flags to make sure the person has not been flagged ?
Are you even sure that they are telling you thier real name, or that they haven't stolen someones identity to set up the account ?

It is too easy for someone legitimate to do it for themselves.
As I said, I'm not passing personal judgment, but the whole thing is shady.

 

Oh come'on i am doing this for my personal benefit no doubt about it, but am just saying that this vcc's has helped many people .I do not sell it to just another TOM DICK HARRY

i do not know what connection has VCC got with setting the bank account ? it verifies the Paypal account removes the limitation ,having said that i very well know that these vcc's can be used for creating paypal account on fake names ad used for wrong/illegal purpose .But i do make sure that i give it to correct person


OKAY NOW LET ME TALK THE WAY YOU TALK OKAY ?? heres my question now

WHEN U OFFER ANY KIND OF WORK TO AN UNKNOWN PERSON IN ANY FORUM DO YOU VERIFY THAT WHAT HE GONNA DO AFTER RECIEVING YOUR MONEY .HE CAN PUT YOUR MONEY IN CRIMINAL ACTIVITY AS YOU STATED . DON'T YOU THINK YOU ALSO(infact everyone )should MEET THE PERSON ,VERIFY HIS IDENTITY AND THEN OFFER WORK TO HIM ?

Now please do not say that just cuz u are offering money(in my case am giving vcc info) to a complete stranger . AN ONLINE STRANGER WHO'S READY TO DO YOUR JOB FOR CHEAP !!!U SHOULD NOT BE BOTHERED ABOUT THAT WUT SAY ?

 

I am not assisting people in defrauding an international banking institution. Nuff said.

What ever their reason is that they cant do it themselves...lets say for instance they are under 18....the law is put there for a reason because you cannot make a contract with a minor, therefore, a minor having a bank account without their legal guardian co signing the account is an illegal account and helping them to set it up , by supplying CC information is conspiracy and contributing.

I did some searching around and it seems that Pay Pal is not OK with this and are starting to crack down on it and seize accounts, so...rock on.
Anytime you lie to a bank, you are asking for trouble, they are protected internationally.

I have heard all the arguments,

"It's not illegal because I don't know anyone that has been caught".
"It must be OK because I don't know anyone that has had a problem."
"Everybody does it, it's not just me."
"I've been doing it for years, so it must be OK"

None of them quote actual law or TOS from Pay Pal, and so far no one here has either.

If you are so confident that this is not illegal, why not send Pay Pal an email and ask them, and post up the response here ?

If your heart just started beating a little faster, then you already know the truth no matter how you justify it in your head.

 

Same here .Before pointing fingure towards anyone make sure you have a proper Justification/defence for whatever u say ...

 

Not really pointing a finger to anyone, just talking in general about the original post. I hope it doesn't come off that I am attacking anyone personally.

My point is : Selling Credit Card information to a third party for the purposes of defrauding a banking institution is illegal.
It's not their card and it was not intended to go to them, or else they would have gotten it on their own.

Buying information for the purpose of defrauding a banking institution is illegal.
Selling credit card numbers is illegal.
Buying credit card numbers is illegal.
Using someone else's credit card is illegal (without express written consent and approval from the credit card company)
Using false information to set up a bank account is illegal.

Just because you don't know anyone that has been caught, had their account seized, or prosecuted, doesn't mean that it must be O.K.

 

Giving/selling My VCC detail to other person is illegal ? i am not selling the details of some other credit card nor selling the Stolen card information .I am selling my information
(but definately not on this forum ) using which they can verify Their Paypal

 

Yes it is fraud because the information does not belong to the person that is using it, yet they are using it to verify, set up, or lift the limits on their account. It was not issued for that purpose nor was it issued to the person that is using it.
In every book that is considered fraud.
They are lying to the bank by telling them that this is their information and it was attained legally, and you are a conspirator because you not only knew, but advertised that the information could be used in this fashion.

If a kid walked up to you and asked to buy him beer, you would probably say no...But if that same kid emailed you and asked for a CC number to help set up a bank account, you would say yes ?
Penalties are much stricter when dealing with banks, than they are for buying beer for a minor.

When Pay Pal starts cracking down and re-verifying accounts at random, I would hate to be the guy that one of my old costumers rolled on to protect their own ass from prosecution.

That's how it works..up the food chain, "Where did you get it from?"

And if you actually received payment from the fraudulent transaction using Pay Pal itself....? I could see that getting real sticky.

I am not trying to be anyone's mother, but the OP was "Is this Illegal?" and I am here to tell you if you lie to a bank on your account information, or to set it up it is fraud.

If you help someone do it, and get paid for it, it is conspiracy because there was a premeditated plan to commit the fraud together.

I'm not saying anyone should stop, or pass judgment, but just based on the simplicity of it's merits, if it was legal, real institutions would offer the service and it wouldn't be a "black market " secretive deal.

I certainly don't see anyone setting up websites and marketing to provide this service with a business license, and an adwords account. As hard as people search to find a niche in this business, why do you think that is?

 

ok enough said you can check my Sig now

 

I don't see any problem with what you're doing, Angelfun. I know many people that have been doing this for years and have not run into troubles, including myself.