New Report Shows the Dangers of Using Credit Cards for IPTV
A recent study from the DCA shows the dangers that could come with using credit cards to pay for Unverified IPTV Services.
The DCA or Digital Citizens Alliance is a consumer-focused group that works to help the public learn and understand the dangers of the internet and how to use it safely.
Their latest report details the risks associated with using Credit Cards to purchase various IPTV Services including unauthorized charges.
In the study, the company purchased 20 different subscriptions via Credit Card to IPTV Services for a span of 3 months.
The complete list of services is shown below.
After just 11 days, some suspicious charges started to appear on the credit card statement.
The first ones came from a company listed as GB Pay affectioni which claims to be a women’s apparel store in Qingdao City, China.
The next day, a cash advance of $14.99 with a $3 fee was made by Wollito which is a cryptocurrency platform based in Vilnius, Lithuania.
These transactions continued for the 3-month span with much higher purchases attempting to be made as well.
After two months, an attempt of $899 and $150 was flagged by the Credit Card Company and halted after asking for approval.
Towards the end of the experiment, a payment of $244.78 was processed by Pazzion which is an apparel website featuring shoes, handbags, and more.
In total, $1,495 in unauthorized charges were attempted on the credit card over the three-month span.
Unfortunately, the DCA had no way of determining which service or services were the source of the fraudulent activity.
The report went on to comment on a recent survey regarding consumers and pirated content.
Roughly 1 in 3 Americans reported having watched pirated content at least once over the past year. Some relied on pirated content after canceling other legitimate streaming options or cable or satellite services. About 1 in 10 who reported watching pirated content said they had purchased a subscription using a credit card to do so…
Seventy-two percent of Americans who said they used a credit card to purchase a piracy subscription service also reported having an issue with credit card fraud over the last year.
With almost 3/4 of the people who used a credit card to pay for a “pirate subscription” noticing fraudulent charges, it is important to make sure you are safe with your purchases.
TROYPOINT always recommends using an anonymous form of payment for IPTV Services such as Abine Blur or Bitcoin:
We also suggest using a VPN with any unverified service as this study shows just how shady some of these options can be.
Because the developer is unknown, using a VPN is the best way to encrypt your connection so you are completely anonymous and secure.
For the full report from the DCA, use the link located below.
DCA Report on Credit Card Payment for IPTV Services
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