In the land of Advance Fee scams, cash is king, because it has three distinct advantages over other forms of payment.
Speed: Unlike checks - which may take a couple of days to clear the bank - cash can be transmitted instantly around the globe thanks to modern information technology.
Anonymity: It is difficult if not impossible to trace electronic money transfers to the true recipient.
Irreversibility: Unlike a check, cash cannot be canceled after it is issued; neither can it be reversed, like charges on a credit card.
Given the prospect of immediate, anonymous, and guaranteed payment, it is easy to see why perpetrators of Advance Fee scams insist that victims send funds via wire services like Western Union, MoneyGram, and prepaid cash cards like GreenDot.
For the aforementioned reasons and others, cash truly is the currency of the realm, in Scam Land.
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