'Bitcointalk forum is going downhill because of dkbit98' - CoinPayCard.net SCAM

dkbit98

legendary

Activity: 2212

Merit: 7064

Quote from: scotty299 on April 04, 2023, 11:04:41 AM

I got scammed today as well $165 total, added credit to the card from my funding balance and the credit never appeared on the card, no reply from support after several messages.

Sorry for your lose.

Quote from: examplens on April 06, 2023, 04:45:39 AM

I guess you forget about that but now you sound schizophrenic because your neutrally-positive feedback is still on his trust page, where you say that you don't see anything wrong with this service.

I guess he learned his lesson after losing his own money...
Speaking from experience, it's not a bad idea for bitcointalk members to make periodic check of all feedbacks they gave, things can change in time and feedback could be adjusted, changed, or removed.

NotATether

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Quote from: examplens on April 06, 2023, 04:45:39 AM

Quote from: NotATether on April 05, 2023, 04:38:13 PM

Quote from: scotty299 on April 04, 2023, 11:04:41 AM

I got scammed today as well $165 total, added credit to the card from my funding balance and the credit never appeared on the card, no reply from support after several messages.

Make sure you warn everyone to stay away from these crooks!

And research a company on Bitcointalk before doing business with them.

I guess you forget about that but now you sound schizophrenic because your neutrally-positive feedback is still on his trust page, where you say that you don't see anything wrong with this service.

Quote from: https://bitcointalk.org/index.php?action=trust;u=2739424

CoinPayCard.net

2023-01-11

Reference

I put ~$200 on one of their cards and everything seems fine so far. Sure, others have their reservations, but if you ask me, I see nothing wrong with this service.

I forgot to remove that feedback. For sure, you can count on my mental stability being in peak condition. Wink

examplens

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Crypto Swap Exchange

Quote from: NotATether on April 05, 2023, 04:38:13 PM

Quote from: scotty299 on April 04, 2023, 11:04:41 AM

I got scammed today as well $165 total, added credit to the card from my funding balance and the credit never appeared on the card, no reply from support after several messages.

Make sure you warn everyone to stay away from these crooks!

And research a company on Bitcointalk before doing business with them.

I guess you forget about that but now you sound schizophrenic because your neutrally-positive feedback is still on his trust page, where you say that you don't see anything wrong with this service.

Quote from: https://bitcointalk.org/index.php?action=trust;u=2739424

CoinPayCard.net

2023-01-11

Reference

I put ~$200 on one of their cards and everything seems fine so far. Sure, others have their reservations, but if you ask me, I see nothing wrong with this service.

NotATether

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Activity: 1568

Merit: 6660

bitcoincleanup.com / bitmixlist.org

Quote from: scotty299 on April 04, 2023, 11:04:41 AM

I got scammed today as well $165 total, added credit to the card from my funding balance and the credit never appeared on the card, no reply from support after several messages.

Make sure you warn everyone to stay away from these crooks!

And research a company on Bitcointalk before doing business with them.

scotty299

newbie

Activity: 2

Merit: 1

Quote from: LoyceV on February 27, 2023, 03:56:50 PM

Quote from: dkbit98 on February 27, 2023, 10:24:46 AM

After years of researching how scammers operate, I can now ''smell'' scammers after having just a few conversations with them.

I've seen the same pattern several times indeed, and I don't get why. It's as if they get angry when someone calls them out, and then show all the tell tale signs instead of providing peace of mind for potential customers.

I got scammed today as well $165 total, added credit to the card from my funding balance and the credit never appeared on the card, no reply from support after several messages.

DaveF

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Crypto Swap Exchange

Quote from: LoyceV on March 04, 2023, 09:56:18 AM

Quote from: DaveF on March 02, 2023, 09:50:29 AM

Do you want to have to use 3 x $50 cards a month to pay your cable bill?

How expensive is your cable bill? Shocked

I pay less than $40 for fiber.

Around $115. Internet + base TV + phone.

They found the pain point of cutting the cord or switching to FiOS and are just below that. I could go to just internet and get some more streaming and loose the phone but it's not going to save enough to make me want to go through the time and effort involved.

Back to this, it sucks that people got scammed and lost money. But the NEXT time, because we all know there will be a next time, it's another thing that we can point to and say look it's a scam. Here are all the other scams that looked exactly the same way.

TANSTAAFL

There
Aint
No
Such
Thing
As
A
Free
Lunch

The more we point out that things like this can be legit, but they have to really prove themselves, explain how it works and why it works the better we all are.
There are some places in the world that don't give a rats ass about KYC and everything else. But, there still are steps you have to go though and things you have to deal with.

Cards like what was offered really do fall into the 'magical internet money' category.

-Dave

LoyceV

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Quote from: dkbit98 on February 28, 2023, 09:58:34 AM

Fresh news from Mastercard and Visa - they are freezing all activities related with blockchain and crypto partnership until new regulation is better clarified:
https://cointelegraph.com/news/visa-and-mastercard-halt-new-crypto-partnerships-report

A day later, this was posted:

Quote from: DaveF on March 01, 2023, 12:55:06 PM

Bitrefill now has Prepaid Mastercard gift cards for the US.

https://www.bitrefill.com/buy/prepaid-mastercard-usa/?hl=en

Quote from: DaveF on March 02, 2023, 09:50:29 AM

Do you want to have to use 3 x $50 cards a month to pay your cable bill?

How expensive is your cable bill? Shocked

I pay less than $40 for fiber.

dkbit98

legendary

Activity: 2212

Merit: 7064

I received partial card numbers in personal message from guy that was scammed by CoinPayCard and I did basic search to find more information about Bank and issuer.
Here is short initial summary I was able to found so far:

Issuer/Bank exact name is: Private Bank & Trust Co
This is actual company with address: 920 S Waukegan Rd Ste 100, Lake Forest, IL 60045
Phone number registered to Alan H Kohn: (847) 482-8100
Official websites theprivatebank.com and privatebankandtrust.com are down for me.

This is their page on Bloomberg website that confirms they are operating as bank:
https://www.bloomberg.com/profile/company/0799354D:US#xj4y7vzkg?leadSource=uverify%20wall

Stay tuned, I am digging to find more information and connections.
You are free to add anything you find yourself.

EDIT:
CoinPayCard account was online in forum on March 1st, so he is well aware of everything:

https://bitcointalksearch.org/user/coinpaycardnet-3521103

DaveF

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Crypto Swap Exchange

Quote from: ?? on ??

Quote from: NotATether on March 01, 2023, 07:50:25 PM

Time to stock up on prepaid cards? Shocked

Prepaid cards do not and will disappear. What they should do is to do more control of the companies that buy them in large quantities and how they are then made available.

Now, if the company knows how to set up the business well, it will be able to continue to make these cards available without major problems. As I commented in the other post, Visa/Mastercard only know the intermediary of these cards, it all depends on how the intermediary does his job.

My concern with the prepaid is that they will drop the max amounts down to such a low amount as to make them more difficult to use then they are worth.
Do you want to have to use 3 x $50 cards a month to pay your cable bill?

OTOH, for prepaid you still have the 2 step process for some places. i.e. Walmat Gift card and then go to Walmart and use the gift card to purchase a prepaid Visa. Just a lot more time & effort.

-Dave

NotATether

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bitcoincleanup.com / bitmixlist.org

My card also has the 256 Chapman address.

Quote from: dkbit98 on February 28, 2023, 09:58:34 AM

Fresh news from Mastercard and Visa - they are freezing all activities related with blockchain and crypto partnership until new regulation is better clarified:
https://cointelegraph.com/news/visa-and-mastercard-halt-new-crypto-partnerships-report

Clearly has nothing to do with CoinpayCard in particular, but it looks like they are waiting for some nonexistent crypto bill from Congress that will likely take the whole year to propose and agree on.

Time to stock up on prepaid cards? Shocked

dkbit98

legendary

Activity: 2212

Merit: 7064

Quote from: Anubis123 on February 28, 2023, 08:54:41 AM

Ik It's not the actual proof, As I mentioned earlier they have the same address of that mobile application

Address they used is the same like on that shady Payday website from Nigeria, 256 Chapman Road, but posting first few digits could be helpful for finding more information about this scammer.
I am expecting from all other affected members to post this, so we can collect all information that could be useful for finding this scammer.

Quote from: DaveF on February 28, 2023, 08:29:55 AM

Setup a business. Get a credit card from a company that allows unlimited employee cards that you can set limits on. Charge people for the card (profit), give a crappy exchange rate for the BTC -> fiat load (more profit), then set the limit of the card to that. And take the rewards / cashback that the card offers (even more profit).
Obviously all the KYC would go back the the business, but does that really matter?

It could work in theory, and I think some of the alternative cards are doing something similar.
Potential issue could arrise if banks notice something suspicious with transactions and block or ban accounts.
Fresh news from Mastercard and Visa - they are freezing all activities related with blockchain and crypto partnership until new regulation is better clarified:
https://cointelegraph.com/news/visa-and-mastercard-halt-new-crypto-partnerships-report

Anubis123

newbie

Activity: 13

Merit: 2

Ik It's not the actual proof, As I mentioned earlier they have the same address of that mobile application

For the bin, I used binchecker and It showed the bank as "Private Bank" or something like that, I'll post it when I"m home

Quote from: LoyceV on February 28, 2023, 04:37:04 AM

Quote from: Anubis123 on February 27, 2023, 06:02:36 PM

While looking around in the forum, I found that CoinPayCard's Local Time Zone is UTC+1 which would make sense if they were in Africa/Nigeria

That doesn't prove anything, you can change your forum's time zone to anything you want. And the same time is used in large parts of Europe too.

DaveF

legendary

Activity: 3500

Merit: 6320

Crypto Swap Exchange

@NotATether would you mind (and anyone else who got a card from them too) giving out the 1st 6 digits of the card.

Although *far* from definitive as to where they are, having the BIN / IIN will at least let us know what bank they were using to issue the cards. Might give a bit on insight as to where they were operating from. Not to mention a call to the bank security office might at least slow them down on the next scam. Probably not, but it can't hurt.

Side thought, makes you wonder if there is a good profit center in doing this:

Setup a business. Get a credit card from a company that allows unlimited employee cards that you can set limits on. Charge people for the card (profit), give a crappy exchange rate for the BTC -> fiat load (more profit), then set the limit of the card to that. And take the rewards / cashback that the card offers (even more profit).
Obviously all the KYC would go back the the business, but does that really matter?

-Dave

LoyceV

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Quote from: Anubis123 on February 27, 2023, 06:02:36 PM

While looking around in the forum, I found that CoinPayCard's Local Time Zone is UTC+1 which would make sense if they were in Africa/Nigeria

That doesn't prove anything, you can change your forum's time zone to anything you want. And the same time is used in large parts of Europe too.

Anubis123

newbie

Activity: 13

Merit: 2

You're Right I've been just tryna find out what they use as 'banking api' I guess that one was it

The point is, Is it that easy for a company to legally release no-KYC credit/debit cards that They can just do it and run off with a few hundreds or a few thosands. I mean, that would be worth a lot more if they are doing it legally or really cooperating with some real bank or card issuer

Edit:

While looking around in the forum, I found that CoinPayCard's Local Time Zone is UTC+1 which would make sense if they were in Africa/Nigeria

That kinda proves my guess I think, as that mobile application is apparently for Nigerians.

Quote from: dkbit98 on February 24, 2023, 03:55:54 PM

Quote from: Anubis123 on February 24, 2023, 02:37:51 PM

Its an mobile application which allows to create virtual cards and they location is same as CoinPayCard's billing address

I tried clicking on links posted to download this PayDay app but it doesn't work for me, and I can't finds this aps anywhere.
On their twitter account Payday is saying they are Virtual Mastercards and Visa cards for Africans, specific country is Nigeria.
If address is same as for CoinPayCard than there must be some connection.

Quote from: Anubis123 on February 24, 2023, 02:37:51 PM

Could they be using this to generate cards? If so what could be the reason they failed to get this going (if it wasn't all about running off)

I don't understand what you are trying to say.
They are obviously gone from forum, telegram and ''cards'' currently don't work like they should.

For creating Scam accusation and flag against them you need to create your own topic with proof/images how much money you lost, and conversation with support.

LoyceV

legendary

Activity: 3290

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Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: dkbit98 on February 27, 2023, 10:24:46 AM

After years of researching how scammers operate, I can now ''smell'' scammers after having just a few conversations with them.

I've seen the same pattern several times indeed, and I don't get why. It's as if they get angry when someone calls them out, and then show all the tell tale signs instead of providing peace of mind for potential customers.

dkbit98

legendary

Activity: 2212

Merit: 7064

Quote from: yahoo62278 on February 26, 2023, 02:39:20 PM

Not all self moderated service threads are a scam company, so instantly tagging them is not the solution. Maybe a disclaimer like what we see when a flag is created would be a way to go? dkbit was pretty vigilant with these guys though and called them out right away. Still didn't stop everyone from making a deposit to their service though.

Yeah sadly, some people think they know better, and they like to learn after getting burned themselves Tongue

After years of researching how scammers operate, I can now ''smell'' scammers after having just a few conversations with them.
I can make mistakes sometimes like everyone, but I had high confidence about CoinPayCard scam, that is why I refused to get free card they offered me in January.
Since they are now confirmed scam, I can now reveal PM they sent me:

Quote from: shasan on February 26, 2023, 06:47:09 PM

I don't think we will be able to know the exact amount and an exact number of people as all the users are not from bitcointalk and all the scammed people will not report on this forum. So the total number of scammed people as well as scammed amount will remain suspect.

Minimum three members from this forum alone, but I am sure there are more people scammed by this Nigerian scammer.

NotATether

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bitcoincleanup.com / bitmixlist.org

Quote from: yahoo62278 on February 26, 2023, 02:39:20 PM

Quote from: digaran on February 26, 2023, 02:17:54 PM

How much in total did they scam people?
And please, any DT member seeing a self moderated thread for a service, please tag them as not scammer, but untrustworthy behavior, it could help to prevent a lot of scams. Please.

Not all self moderated service threads are a scam company, so instantly tagging them is not the solution. Maybe a disclaimer like what we see when a flag is created would be a way to go? dkbit was pretty vigilant with these guys though and called them out right away. Still didn't stop everyone from making a deposit to their service though.

I made a flag here: https://bitcointalksearch.org/topic/flag-against-coinpaycardnet-u-3521103-5441369

In the unlikely event that they return and compensate me, I will remove it.

shasan

copper member

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Playbet.io - Crypto Casino and Sportsbook

Quote from: digaran on February 26, 2023, 02:17:54 PM

How much in total did they scam people?
And please, any DT member seeing a self moderated thread for a service, please tag them as not scammer, but untrustworthy behavior, it could help to prevent a lot of scams. Please.

I don't think we will be able to know the exact amount and an exact number of people as all the users are not from bitcointalk and all the scammed people will not report on this forum. So the total number of scammed people as well as scammed amount will remain suspect.

yahoo62278

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Contact @yahoo62278 on telegram for marketing

Quote from: digaran on February 26, 2023, 02:17:54 PM

How much in total did they scam people?
And please, any DT member seeing a self moderated thread for a service, please tag them as not scammer, but untrustworthy behavior, it could help to prevent a lot of scams. Please.

Not all self moderated service threads are a scam company, so instantly tagging them is not the solution. Maybe a disclaimer like what we see when a flag is created would be a way to go? dkbit was pretty vigilant with these guys though and called them out right away. Still didn't stop everyone from making a deposit to their service though.

Topic: 'Bitcointalk forum is going downhill because of dkbit98' - CoinPayCard.net SCAM (Read 1364 times)