Author Topic: PSA: Don't swipe recklessly for others  (Read 208690 times)

Offline yesitsme

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Re: PSA: Don't swipe recklessly for others
« Reply #1920 on: February 10, 2019, 07:14:10 PM »
What kind of investment is this? Your not giving $$$ , you giving cc credit..
Instead of collections they just opened CC's for yesomim?
There are many foolish opportunities out there, not just swiping CC.

Offline joey89

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Re: PSA: Don't swipe recklessly for others
« Reply #1921 on: February 10, 2019, 07:35:27 PM »
Anyone here get scammed from these people ? Or is it just rumors ?

Regarding the CH story, I personally know several people effected, however the couple people I discussed with do not want to be quoted or share their story publicly.

Offline SearchGuy

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Re: PSA: Don't swipe recklessly for others
« Reply #1922 on: February 10, 2019, 07:36:43 PM »
Yup.
it must be in 3 languages!! Pleeease!

P.S. I can help in Yiddish and Hebrew if you want

Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #1923 on: February 10, 2019, 08:00:40 PM »
I don't write articles based on articles.

If someone wants to email me first-hand details, then by all means.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #1924 on: February 10, 2019, 08:01:40 PM »
And now I'm getting emails to delete this thread as it's stopping people from getting paid back.

How gullible to you need to be people? I'm sure sungames would have also paid out if not for a DDF thread.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline AJK

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Re: PSA: Don't swipe recklessly for others
« Reply #1925 on: February 10, 2019, 08:03:06 PM »


And now I'm getting emails to delete this thread as it's stopping people from getting paid back.

Lol
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Offline ludmila

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Re: PSA: Don't swipe recklessly for others
« Reply #1926 on: February 10, 2019, 08:03:37 PM »
And now I'm getting emails to delete this thread as it's stopping people from getting paid back.

How gullible to you need to be people? I'm sure sungames would have also paid out if not for a DDF thread.
Getting paid back?Dream on. :)
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Online davidrotts63

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Re: PSA: Don't swipe recklessly for others
« Reply #1927 on: February 10, 2019, 08:03:39 PM »
So much insanity going on here.
(Quit) pulling out the flowers, and watering the weeds. -Peter Lynch

Offline aygart

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Re: PSA: Don't swipe recklessly for others
« Reply #1928 on: February 10, 2019, 08:06:38 PM »
And now I'm getting emails to delete this thread as it's stopping people from getting paid back.

How gullible to you need to be people? I'm sure sungames would have also paid out if not for a DDF thread.
It is probably true. Without this thread there would be others to pass the hot potato to before the clock runs out. Sounds like this thread is a success.
You have the right to remain silent. Anything you say can and will be used to start a religious discussion.

Offline Yowzy

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Re: PSA: Don't swipe recklessly for others
« Reply #1929 on: February 10, 2019, 08:10:01 PM »
And now I'm getting emails to delete this thread as it's stopping people from getting paid back.

How gullible to you need to be people? I'm sure sungames would have also paid out if not for a DDF thread.

It’s actually not that absurd, all the rumors and fear mongering causes a so called “run on the bank”.
The “swiper” may have a legit business model, however if everyone stops swiping at once it would all collapse.

Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #1930 on: February 10, 2019, 08:12:06 PM »
It is probably true. Without this thread there would be others to pass the hot potato to before the clock runs out. Sounds like this thread is a success.
Oy.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Chief Rabbi of New York

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Re: PSA: Don't swipe recklessly for others
« Reply #1931 on: February 10, 2019, 08:16:15 PM »
It’s actually not that absurd, all the rumors and fear mongering causes a so called “run on the bank”.
The “swiper” may have a legit business model, however if everyone stops swiping at once it would all collapse.

So like a Ponzi scheme ?
Or are you that swiper ?
Show Some Respect for Me, I am The Chief Rabbi of New York :)

Offline zale

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Re: PSA: Don't swipe recklessly for others
« Reply #1932 on: February 10, 2019, 08:17:46 PM »
It’s actually not that absurd, all the rumors and fear mongering causes a so called “run on the bank”.
The “swiper” may have a legit business model, however if everyone stops swiping at once it would all collapse.

And if these “businesses” are not stopped the pile of victims will continue to grow.

Asking Dan to delete this thread so that these ponzi schemers can find more victims so that previous victims can maybe get a little money back is sick.

Offline Chief Rabbi of New York

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Re: PSA: Don't swipe recklessly for others
« Reply #1933 on: February 10, 2019, 08:20:22 PM »
@Dan anyone email you an actual story yet about them getting scammed from this
Show Some Respect for Me, I am The Chief Rabbi of New York :)

Offline Yowzy

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Re: PSA: Don't swipe recklessly for others
« Reply #1934 on: February 10, 2019, 08:26:09 PM »
And if these “businesses” are not stopped the pile of victims will continue to grow.

Asking Dan to delete this thread so that these ponzi schemers can find more victims so that previous victims can maybe get a little money back is sick.
So like a Ponzi scheme ?
Or are you that swiper ?

I never said he should delete the post. I’m just offering another prespective. The goal of every business is to eventually get a good bank loan at low interest, however early on, some may need to be more creative. Hence the cc swiping, some could be swiping for 2.2% per swipe which, assuming a full billing cycle of approx 7 weeks he is paying approx 16% apr on his money, a fraction more than an average amazon loan for example. His other option would be to go to loan sharks or this companies that offer loans starting at 25% apr.
All I’m saying is, assuming he does have a secure business model and he is profitable, and let’s say all the money has been used to purchase inventory that would take him 4 months to sell through. If he is all of a sudden stuck with a massive amount of credit cards to pay off without being able to continue “churning” then it damages everyone.