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You’ll be charged 17¢ for the call, and Lee will receive about 70% of the proceeds.In a month, he’s made over 0, mostly from telemarketers. Beaumont originally registered for the premium number because he was tired of sales calls interrupting his favorite TV shows.These numbers charge a higher than normal rate and part of that extra charge is paid to the service provider, enabling businesses to be funded via the calls.Adult chat lines (phone sex) and psychic hotlines are very common uses of premium rate numbers.Now, a whole eco-system has evolved that makes traffic pumping fraud to premium rate numbers an easy endeavor for anyone.”Fraudsters today can hack into a phone network, use stolen equipment, or simply use deceptive practices to generate traffic to premium rate numbers.The results can be tens of thousands of dollars in fraudulent charges.
The service will then give the fraudster a cut of the income provided from calls to those numbers.Because the general public looks at telecom fraud as similar to credit card fraud, as something for which they should not be liable, most service providers are unable to collect payment for the huge charges, and are instead stuck paying the bills themselves. Many sources for these numbers can be found through a simple Google search.According to the FCC, “Unfortunately, there are companies and individuals who engage in all of these kinds of deceptive and fraudulent practices, and the FCC receives a steady stream of complaints as a result.”It is shocking how easy it is for someone to get started with premium rate number fraud. Our research at Trans Nexus turned up 41 premium rate number services that offer quick setup for premium rate number services.As Jim Dalton, president of Trans Nexus put it, “Premium rate numbers are begging to be used for fraud.The premium rate number business model made sense before Vo IP technology was available.