1. You need to register yourself as a merchant at an acquirer bank. Either directly or through intermediaries such as Stripe/Square etc.,
2. Go through reasonably stringent KYB (Know Your Business) process.
3. Do a few legitimate transactions so that everyone in the payment processing chain (acquiring bank, payment gateway etc., issuing bank, network (Visa/MasterCard)) begins to trust you.
4. Reconfigure the kiosk to use the above merchant account.
5. Pull out money from the acquiring bank before enough customers raise a charge-back and your your account is marked as fraudulent by someone/everyone in the payment processing chain.
These fly-by-night merchants are indeed created; especially at marketplaces such as EBay, Amazon. But to do it at a physical kiosk such as McDonalds' seems like a low ROI to me.
To be able to pull this off:
1. You need to register yourself as a merchant at an acquirer bank. Either directly or through intermediaries such as Stripe/Square etc.,
2. Go through reasonably stringent KYB (Know Your Business) process.
3. Do a few legitimate transactions so that everyone in the payment processing chain (acquiring bank, payment gateway etc., issuing bank, network (Visa/MasterCard)) begins to trust you.
4. Reconfigure the kiosk to use the above merchant account.
5. Pull out money from the acquiring bank before enough customers raise a charge-back and your your account is marked as fraudulent by someone/everyone in the payment processing chain.
These fly-by-night merchants are indeed created; especially at marketplaces such as EBay, Amazon. But to do it at a physical kiosk such as McDonalds' seems like a low ROI to me.