Selling Credit Card Numbers

[liowkc]

Due to competition (another classic demand and supply situation) among identity thieves, the price of a credit card number has fallen to a low of 40 cents. To access a bank account, you need to pay $10.

Falling prices - more supply (bad) or less demand (good)?

[Llamalord]

In the end when people buy them they are going on "Can I trust this guy to be selling me a account (bank) which has money in it", hense the reason its dropped.

If someone sold 40 card numbers for $10 to access it then its $400 made from basically nothing, meaning these 40 accounts then get emptied for anything between $40 - $4000, its more demand and more supply

[titaniumhijau]

Many people already did that today and i'm also interested to have one. But recently, i saw its too hard to find some people who can manage this one honestly. Most of them will gone.

[hwang]

Geee..Anyway I just wonder how they get those numbers in the first place. Sometimes I just wonder whenever we make a purchase at the counters, the person having our card can actually copy down the numbers and make use of it. Kind of creepy to think of it.

[liowkc]

The sad fact is that credit card numbers are frequently stolen both offline (such as skimming your card at a resturant) and online and all we can do is to be vigilant and check our credit card statements carefully.

[life31]

It indeed is at very high risk using CC online as compared to offline. And especially using CC at sites without SSL or any other security certificate is at very very high risk. So most of the times using CC is not preffered.But this doesent mean that ther is a reduction in number of people using CC. It is vastly used Offline in day to day practices. As well the involvement and introduction of VCC or Gift cards and vouchers has taken a maximum part of people using CC online and a few offline.

[hwang]

Well it's a risk that we take in return for convenience and exchange of gift points. Usually the card that I have is only used for emergency not for daily purchase or expenses. I would rather use cash instead in order not to overspend.

[life31]

Originally Posted by hwang

Well it's a risk that we take in return for convenience and exchange of gift points. Usually the card that I have is only used for emergency not for daily purchase or expenses. I would rather use cash instead in order not to overspend.

NTF as i said above there are vouchers or gift cards available aslo VCC are prevelent to reduce the associated risks.

So you can very wll make use of them readily.

[liowkc]

When patronizing off-line establishments , make sure that your credit card is always in sight when making payment. This will greatly reduce the probability of the staff skimming your card. For online purchases, we are the mercy of the online merchants' security system.

[Llamalord]

Dont forget phone lines, make sure that you are buying from a trusted company, some are just scams which can screw you over completely

[titaniumhijau]

Originally Posted by Llamalord

Dont forget phone lines, make sure that you are buying from a trusted company, some are just scams which can screw you over completely

Yap. That the first thing i will ask after i ask some proof for that company already do some transaction or have others proof to support that company. If not, i will ignore them forever.