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PayPal Hack 2014 – How Does this Work?

Posted In Webmaster - By Techtiplib on Monday, August 4th, 2014 With No Comments »

A lot of us own a PayPal account which we use for almost all kinds of online transactions, whether it is for online shopping, paying and receiving money, and many more. Using PayPal is really convenient, and it is for this reason why a lot of people worldwide would use this digital payment platform. But do you know that there is actually a way to double your money in your PayPal account? This can be made possible with the help of the PayPal hack 2014, so read on to find out more and understand how this thing works.

password manager, PayPal Hack 2014

Loophole in PayPal

As mentioned, there is a possibility that the money in your PayPal account could be multiplied and that you could end up receiving more than what you have in your account. This is due to the loophole on the system of PayPal where users can possibly double their account with less effort. This means that if you only have $50 on your account, you can easily make it to become a hundred dollars and even more.

More about PayPal

Before we go on to discuss further about the PayPal hack 2014 online, it is best to find out a little bit of information about the company. First off, PayPal is owned by eBay, a popular auction shopping site. This digital payment platform allows for a safer and faster way to send and receive money through the World Wide Web. Basically, PayPal gives people an easier way to transact money online and it is said that there are almost 150 million active PayPal accounts all over the world. In fact, PayPal is said to process more than nine million payment transactions on a daily basis.

Chargeback Process

Back to the loophole, it has been said that this has something to do with the chargeback process of PayPal where users can exploit in order to do fraud. The chargeback, which is known as the process of reversal, happens if a buyer will ask for a refund from the credit card company in order to reverse the transaction that has just taken place. This usually happens if the credit card of the buyer will be stolen and has been used without the owner’s knowledge. Because of its ability to double your money, this hack has been dubbed as the PayPal money adder 2014.

How It Was Discovered

The flaw was discovered when one user was making a transaction on his PayPal account. The transaction was for another user who was trying to scam him using the chargeback process. In order not to end up paying any charges, he had transferred all of his money to another real PayPal account. Yet, when he checked after a few months, he found out that his balanced ended up with a negative $50. This latest trick, called the hack PayPal money 2014, has been demonstrated to the security team of PayPal where the user who discovered such loophole has demonstrated in detail how he made three different PayPal accounts where one is real and the other two are verified using a virtual credit card.

Downloading a PayPal Hack

A lot of PayPal users have heard of this loophole where they can double their money with less effort, and so they went on to search for information on how to download PayPal hack 2014. The truth is that there are actually several other ways on how to hack PayPal’s system and double whatever money you have there. You do not need to download any kind of software or tool to make this thing possible. All you actually need to do is to learn how you can trick the system, and this can be possible with the use of the chargeback process.

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