billy on Nostr: We have a $1 trial product. A while back I had 1000+ $1 transactions come through in ...
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.
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.