PSA: Don't swipe recklessly for others

[Z56]

So everyone knows that this actually happened or is it just rumors ?

FACTS!!

[Mplace]

How do you know ?

asside from pictures of cc statements, what else will satisfy you as verification,
Aside from ppl saying?

[Don Will]

asside from pictures of cc statements, what else will satisfy you as verification,
Aside from ppl saying?

People that are actually victims speak out?

[yossig]

at this stage, they most likely not paying anything
"the money is gone"

-1
Most of the money is NOT gone
It’s locked up until the investigation is completed
Please post a source if you know otherwise

[Don Will]

-1
Most of the money is NOT gone
It’s locked up until the investigation is completed
Please post a source if you know otherwise

What's your source?

[yossig]

FACTS!!

Most people that post hare were not involved and don’t know the real story besides hearing from a 3rd hand what might of happened

[yossig]

What's your source?

1st hand

[Don Will]

1st hand

Are you personally involved?
If not then what makes your info anymore firsthand then what everyone else is posting?

[DealKiller]

Wow, this is some scary stuff.

[Mplace]

-1
Most of the money is NOT gone
It’s locked up until the investigation is completed
Please post a source if you know otherwise

Look if you don't want to believe it that's your choice,
I bh do not have any money tied up,
If it would indeed be as you say, they would tell their card holders that
Most ppl don't know that they will loose out, as they are only telling ppl as their build are getting due,
But the money is long long gone,
And now that their cc terminal is suspended, and they likely can't get it opened (cuz all the pending disputes) they won't be able to continue making payments, as they are only making payments from new charges,
Once they no longer can make charges, they no longer can make payments

[aygart]

-1
Most of the money is NOT gone
It’s locked up until the investigation is completed
Please post a source if you know otherwise

Locked up where? Why? What investigation? About what and by whom? Until when?

[yossig]

Look if you don't want to believe it that's your choice,
I bh do not have any money tied up,
If it would indeed be as you say, they would tell their card holders that
Most ppl don't know that they will loose out, as they are only telling ppl as their build are getting due,
But the money is long long gone,
And now that their cc terminal is suspended, and they likely can't get it opened (cuz all the pending disputes) they won't be able to continue making payments, as they are only making payments from new charges,
Once they no longer can make charges, they no longer can make payments

Sounds like we’re talking about two different stories. I’m talking about the 20MM guy, what are you talking about?

[chevron]

All I know is that the frum world is down 25-50 million... Sad.

[yossig]

Locked up where? Why? What investigation? About what and by whom? Until when?

in short,
There is one processing company that a lot of these cc swipe’rs used that caught on on what is happening so they froze all accounts and opened an investigation,
Some companies are bankrupt because of it and others aren’t.
Some companies used it to pay previews debt and others to buy inventory and paid 3% for an 8 week turnaround.

[Z56]

All I know is that the frum world is down 25-50 million... Sad.

Not to scare you it’s is 50-60M