Thread: $1 scam check your statements

Good morning,
I'm new to the forum and would like to first of say hi to everyone. I found this and thought all of you would be interested in reading about it. It seems there are people now which are charging a very small amount on peoples credit cards and are making up the money just in quantity. Everyone should check their statements and see if there is a strange charge on them for $.25-$1.00. I have added the article to the post as well so you can read about it fully. Take care and have a great day.


Mysterious credit card charge may have hit millions of users - The Boston Globe

Thank you for sharing this. As the article states- it's easier to steal a dollar from a million people than a million from one person. It appears to be a company is charging with that same mindset that they can make a little money off a lot of people.

However the article cites the amount at 25 cents. I do find this odd as even the lowest credit card processing fees are typically 20 to 30 cents, plus 1 to 3% of the transaction amount. That being said, I don't understand how they can be making a profit on 25 cents since that would be the processing fee alone. Perhaps they are testing cards in bulk to see if they are working in order to make bigger transactions down the road.

report fraudulent credit card charges no matter how small they are

i once disputed an extra $1 i was charged at a restaurant on my credit card total and they reversed it. don't let the crooks get away with nickle and diming you. unlike cash payments these crooks in that news story left a paper trail i bet they've been nabbed by now.

what kind of idiot would pull a scam like that? there's a paper trail of where all the money goes it's not like you can get away with it.

The saddest part about this is that the older credit card users may not catch this or may not know how to handle it. I remember hearing about a similar scheme involving automatic checking withdrawals and boy were a bunch of senior citizens duped with that one for a long time!

how do you dispute recurring charges on your credit card from monthly charges, memberships and those kinds of charges? what if you sign up for a service that does monthly credit card charges that you canceled and the keep billing? and in my case i didn't cancel because the customer service phone number didn't work and i couldn't reach them on their contact form on their site because they didn't answer?

I heard about another scam out there where they would charge 23 cents and it sounds like they did that to test the cards out to see if they were active. Then after that they put on the big charges.

If you see one of these it should be a flag for you to expect future bigger charges. Trust me they aren't doing this to only make a few cents of you.