Originally Posted by
radonc1
And what is crazier is that drug money is always cash to MOs, not GCs to MOs.
So stores that only allow cash to be used for MO purchases are not doing it to altruistically prevent ML, but rather to protect themselves from being left holding the proverbial bag when someone uses an fraudulent debit card to purchase a MO.
Basically yes is your answer…..but since debit cards are considered a cash transaction they lump them in with actual cash transactions.
When u say fraudulent debit card that means an actual bank debit card linked to a bank account. With fraud on real DC the bank reimburses the account holder and stops payment to the store…..With Visa GC fraudulent use by a scammer who reproduced a Visa gc the real actual cardholder is reimbursed by the issuing bank with new card but idk if $$$ is clawed back from store where fraud occurred. I have been victim of GC fraud several times and the fraudulent card was used in actual bm store so It’s an interesting question. In most stores I visit people pay cash even for large MO cause they are usually the unbanked without a real DC….most of time the MO is for paying rent as landlords have probably been burned with bounced checks…especially in low income areas.