Is Flipping money illegal?
The moral to this story: Money flipping is not real; you’ll lose money instead of making it; and it’s illegal.
There is no legal way to make money as described in this scam.
All the scammer wants to do is to take your money.
Never wire money to someone who claims they can make lots of money for you for a small fee.
What is Cash flipping?
Like other type of flipping, cash flipping is where you put in a small amount of money, and your returns will be 10X greater. Typically, someone will tell you to give them a prepaid debit card, with so much money on it, and then they will return to you 10X the amount that you gave them.
Is Cash flipping legit?
Any attempt to get you to give them money up front is a scam. No matter what they say or promise you. Never ever send them money, give them your bank information or credit card number. They will take your money and be gone with it so fast you wont even know what happened.
How do you legally flip money?
Some other more straightforward ways to flip money legally include: Flipping real estate. You can flip houses to make a profit. All you need to do is know the market well, be prepared to spend money up front on repairs, and then set your selling price.