1 definition by JustJack_NoDaniels
Similar to check kiting.
Using the 1-2 day delay in funds being withdrawn from an account through PayPal to pay for an item, knowing there is no cash in the account at the time of purchase.
Usually resulting in an overdraft fee, but not in a declined purchase.
Coined by Justin Williams of the podcast Fraudsters
Using the 1-2 day delay in funds being withdrawn from an account through PayPal to pay for an item, knowing there is no cash in the account at the time of purchase.
Usually resulting in an overdraft fee, but not in a declined purchase.
Coined by Justin Williams of the podcast Fraudsters
by JustJack_NoDaniels April 20, 2021