Watch your credit card this holiday! Get a credit card with a low limit to shop online with :)
Got this info from yahoo.com
A new massive web scam has cost on-line shoppers $1.4 billion so far!
It's being carried out by hundreds of on-line retailers and websites. For a list of retailers in on the scam check this site out
http://blogs.consumerreports.org/.a/6a00d83451e0d569e20120a6c92986970b-pi
What happens is...
When you go through the checkout process, you're presented with an offer to sign up for a 'Membership Club'
They've got different names but popular names are ValuMax Shopping and Reservation Rewards
If you sign up, they take your credit card info from the site your shopping on and then they charge your card monthly with a fee where you get nothing in return
For the actual articles, check out the sites below
http://blogs.consumerreports.org/electronics/2009/11/web-scam-online-shopping-black-friday-john-rockefeller-senate-committee-commerce-science-transportation.html
http://ca.finance.yahoo.com/personal-finance/article/50plus/latest-online-shopping-scam-20091202
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