Monday, May 11, 2009

Beware:Before teleshopping

I have always loved buying things online. It is not just for the great deals you get out there, but for the sheer ease with which you could do it. I have been indulging in this surreal escapism for long until I discovered a phishing scam.
A couple of weeks ago, I was idly browsing through my online statement when one of the entries caught my attention. It said PlanPlus and the credit card charge was for $19.95. I raked my brains. Was it one of those tele-shopping network companies from where you can get the weirdest of things like a hand-held steamer that can be packed into a suitcase and dog biscuits shaped like cats? A few entries down the page and I saw another one. This time it was Savings2Go and the charge was for $19.95.
As the red light began to flash, I called up my bank. I was told that these charges have been appearing on my account for the past three months. Three months and they have gone under the radar undetected? A careful investigation revealed that some merchant sites carry innocuous links that capture your credit card data. Companies use this information and make small charges to your credit card account month after month. The charges are deliberately kept small and may be split into multiple charges to ward off suspicion. I googled the names of these companies and found that they both operated under the same management, Stonebridge Benefits Services company, and shared a 1800 number.

Source : www.examiner.com/x-8679-Baltimore-Business-Technology-Examiner~y2009m4d20-Buying-online-Beware

1 comment:

  1. Savings2Go & Leisure Plus accept and collect memberships that have been captured by very deceptive business practices through sales of products that have been ordered or otherwise, Be careful when you order and read all the fine print...

    In my opinion, technically Savings2Go & Leisure Plus are barely operating legally, and this shows why consumers needs laws in place to protect against deceptive business practices such as this. The opt-In & opt-out laws need to be revised, and new laws put in place to force businesses to show clearly what they are offering upfront.

    ReplyDelete