Credit card hijacking

Credit Card Hijacking is the term used when atraditional subscription based system such as paper
person’s credit card information is used formagazines where the subscriber has to periodically
undesired charges for goods or services where theproactively reauthorize the subscription, hence the
credit card owner has trouble reaserting control. Thisdefault is to not renew.) The most common
can occur in two major forms.subscription exit barrier is to not provide any online
Credit Card Hijacking by Identity Theftsubscription cancellation mechanism at all, but to
The first form of credit card hijacking is basicallyinstead require the user to cancel by telephone or by
identity theft, which is the deliberate assumption of"on-line chats". Such organizations often add the
another person's identity. Identity theft is usually theadditional barrier of making any subscription
result of serious breaches of privacy and oftencancellation information difficult for the user to even
involves the thief compromising a great deal offind, thus creating an additional delay in the subscription
financial and personal information allowing the thief tocancellation. This is very common amongst
open up new credit card accounts in the name of theISP’s, who know the psychological barrier to
victim.making the call, which the subscriber anticipates will be
Credit Card Hijacking by Cancellation Barrierunpleasant, is very high. It also allows the marketing
The second form of credit card hijacking, which mostorganization to talk the subscriber into changing their
people have fallen victim to, is the continued chargingminds and not cancelling the subscription. Another
of a person’s credit card for a subscriptioncommon subscription cancellation barrier is to have a
to goods or services no longer desired by the creditrelatively long subscription period, a no refund policy,
card owner. This type of credit card hijacking wasand to require the user upon cancellation to forfeit all
pioneered by major ISPs, credit monitoring servicesmoney covering the present subscription period. This is
and online dating services, is perfectly legal, and is stillvery common amongst online dating services.
common today in a wide range of subscription basedThis second form of credit card hijacking was created
goods and services. Credit card hijacking of this typeby marketers who recognized that subscription based
came about as online subscription based marketersservices generally have relatively low periodic billings
realized that traditional subscription systems, such aswhich will generally go unnoticed on any given credit
the annual subscriptions that paper magazines use,card statement. So what happens is that long after the
were an impediment to enrolling customers. A typicaluser loses interest in the subscription, they forget to
dial-up ISP, at US$24.95 per month, is US$299.40cancel the subscription and because the periodic billing
annually. By breaking the subscription period into smallis so low, they don’t tend to notice it on their
units like months or quarters, and allowing directcredit card statement.
monthly charging of the subscriber’s creditCredit Card Hijacking by Negative Option Billing
card, the psychological and economic barriers potentialNegative option billing is the practice of sending goods
subscribers see are greatly reduced.automatically and billing the recipient unless the recipient
The issue which makes one subscription system ais proactive in declining the goods before they are sent.
hijacking of the credit card is not the mode of entryNegative option billing reverses the usual direcion of
into the subscription nor the billing interval, but thesales transactions. It assumes that unless you say 'no',
marketing organization creating barriers for the user toyou've agreed to have bought the goods. This is the
easily cancel the subscription. Organizations which usecommon practice used in book clubs, record clubs, and
credit card hijacking as part of their marketing strategymagazine subscriptions with automatic renewal. Some
make online registration for the subscription easy,practitioners of negative option billing prefer to call it
enforce default automatic renewal policies, and create"advance consent marketing."
barriers to halting the subscription. (This is in contrast to