Moneypak security discussion

I got a lot moneypaks every 2-3 days and i use people on sythe to redeem.Is it totally safe if the moneypaks got redeemed? I've heard some people got moneypak chargebacked several years,can someone explain?

 

They can report it stolen and it might cause issues, but moneypak is generally a safe way to accept payments.

I was personally blocked from using Moneypak, I assume because of volume redeemed (which was under the $4k monthly limit), though I never had an issue receiving my money.

 

Moneypak is pretty much like being handed cash. Virtually impossible to get back.

 

Moneypak is one of the safest currencies. I have heard of cases happening, but its rare.

 

Similar thing happened to me. A lot of Sythe Moneypak redeemers seem to get flagged after redeeming a large amount of MP codes over a short amount of time. I hit my $4000 monthly limit rather quickly for about three consecutive months before being blocked. The issue there is that the MP code that I was trying to redeem when I got flagged was suspended. So, not quite the security issue OP mentioned, but still a concern.

 

We've never had a problem with moneypak. From what I've seen the main reason for getting blocked from moneypak is people redeeming moneypaks and then withdrawing money from PayPal into their bank, since it looks like money laundering.

 

Thanks all guys for answering~

 

a friend of mine uses this as well (LOADS of transactions). He never had any problems doing this, so you should be good. As long as the people you work with are trusted!