How does a credit card thief benefit from using a high-limit stolen credit card?
Lefty Zhukov asked:
I’m not talking about small value – less than $100 – transactions.
I’m not talking about small value – less than $100 – transactions.
What are the ways they make enoughmoney to make the crime pay?
Consider that if a credit card theif were to, for example, order a thousand dollar laptop over the internet, they would have to give an address for delivery (which they would not do).
Sure, they could buy an super-expensive airline ticket, but that requires actually using it.
What do credit card thieves who just want cash do?
Also, keep in mind, a Western Union or a bank is likely to have a security camera if the theif wre to try to use it to get cash.
Courtney
Tags: Airline Ticket, Laptop, Western Union
April 2nd, 2011 at 2:30 pm
If they’re doing that they probably have several false identities set up as well. Use a PO box under a false name. Find a sucker to receive the goods for you. Usually a desperate and naive woman.
April 4th, 2011 at 5:00 pm
They would give an address. It would not be the thief’s address. It would be an address where no one would be home when the computer was delivered. The thief would then go to that address to get the laptop before anyone else did.
The one thing that the thief would not do would be to buy airline tickets. To use an airline ticket, you need to show ID that matches the name on the ticket. Also, if you reported the credit card stolen in time, they could arrest the thief at the airport.