How Scammers Open a Fake Paypal Account

Paypal is a safe online payment option if you know who the recipient is. Everything is possible to manipulate in our computer world though, and we can do so with paypal as well. A fake paypal account can be opened in a couple of hours and verified with fake documents later on. Therefore you should not base your thrust on the fact a seller is using paypal.

A step by step method on how to open a stealth paypal account will of course not be discussed here. This is a fraud prevention, not fraud creation website. However, some basic information will be given out so that you know what is possible and how you can protect yourself.

A stealth paypal account without a real name and other proper personal information is not necessarily created with the sole intention of defrauding people. Such a fake paypal account will be opened by two kinds of people:

  • People who are in search of loopholes, because they can’t use paypal for a number of different reasons.
  • Scammers whose sole intention is to defraud buyers.

Why Would You Need A Stealth Paypal Account?

If you are a freelancer who is legitimately making money online or you are a buyer, one mandatory thing you need is a payment method. One of the most popular payment methods is PayPal.

But what if you do not have access to PayPal because it isn’t available in your country or only have limited access? With PayPal being such a popular payment method, businesses as well as individuals, almost must have this payment option in order to exist online. This is where, although with good intentions, one may want to search for ways on creating a fake stealth paypal account.

But the other majority of people are using fake paypal accounts to steal from people and do money laundering. The Paypal system needs a few things from you to be able to register with them:

  • eMail
  • Personal information
  • Identity Confirmation
  • Utility Bills
  • Telephone Number
  • Bank Account or a Credit Card

Opening The Account

A fake stealth account can have any name, address or country listed as real personal information. That is because false identities can be verified with counterfeit documents.

For those of you who already have a paypal account know how the identity procedure looks like. First you enter a person’s name and his corresponding address. Then all you need to do is add a bank or a credit card. You then wait for the expuse number which appears on the statement and enter it into paypal. This concludes the basic verification and you can use paypal up to a certain degree.

A bank account can be opened online easily. Some banks require only a scan of your ID to open an account with them. These documents are quite easily obtainable on the internet. Furthermore, you can get a fake utility bill or bank statement. And you can use these either for opening a bank a bank account or a paypal account.

Next step is a credit or debit card. How do you get a credit card that will verify a false identity? Easy and cheap! It won’t cost you more than a couple bucks! Meet virtual credit cards. These cards can be neutral and work on any name. Scammers took advantage of this and used cards like these to verify their false identities on paypal and many other online companies.

Sometimes you need a phone number to verify your account. Paypal may even call their customers to verify them. So if you would have provided a false number and be unreachable they will most likely limit your account. A VOIP phone number can be obtained easily for any country in the world. A VOIP takes care of that aspect of verification as well.

Et voilà! This shows you how easy it is for scammers to open up a false verified paypal account. And you can send and withdraw money with it as you please.

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