What is Panther East Charge On Credit Card

Scamsters are highly creative these days, as they come up with new and improvised ideas to fool people every day. This creativity might be the reason behind the Panther East charge being shown on your credit card. It’s not only you, there are many others who have received their credit or debit card statements with these descriptions mentioned. An edge of error’s margin could lead to all this, but they still have other ways too.

Panther East is a company that sells tools related to construction and safety equipment and if this rings a bell then it’s fine and if it doesn’t then it might be a matter of worry for you. There is also a chance someone who has access to your credit has purchased from Panther East. If both scenarios don’t sound familiar to you, you could be in trouble.

This guide will help you identify the nature of the charges on your credit card you are worried about. I have widely elaborated the Panther East charges and where and how they could come on your credit card statement, this will help you ascertain their legitimacy. Later, if you identify the charges as suspicious, then there is a clear procedure mentioned below that you might adopt going forward to avoid any further damage.

Know The Panther East Charge

Panther East is a company based in Philadelphia, Pennsylvania that sells construction and industrial tools and other safety equipment, power tools, and safety gear. Earlier in 2022, two men from Philadelphia were arrested and convicted after a trial of nine counts which included conspiracy to commit wire fraud, access device fraud, aggravated identity theft, and conspiracy to commit money laundering, in connection with a scheme to purchase stolen credit card numbers from the dark web, use the accounts to purchase consumer products, and then resell the products for cash.

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What Does Panther East Charge Charge On Credit Cards Mean?

Panther East Credit card charges are amounts you might see on your statement when you use your credit card to purchase from them. There are different kinds of charges, like;

• Purchases: When you buy something with your credit card.
• Interest: Fees you pay if you don’t pay your full balance each month.
• Late Fees: Charges for not paying your bill on time.
• Annual Fees: Yearly fees for having a credit card.

Understanding these charges helps you keep track of your spending and manage your credit card well.

Explanation Of The Charge

There are a few possible causes why you may see a Panthers East charge mentioned on your credit card statement. I have mentioned some of them below, check if they ring a bell;

When you see a Panther East charge on your credit card, it simply means you have made a purchase from their store. Below are a few reasons why this charge might appear;

• You bought tools or equipment from their website or physical store.
• Someone else with access to your card made a purchase.
• It could be a recurring charge for a subscription or service.

Some charges many times will come through as an alternative trading name for the same company or also list the location where the company is headquartered, rather than the location of your purchase. Also, the naming conventions adopted that try to provide clarification may be even more challenging for some vendors. According to the Merchant Data Standards of Visa, the name must clearly convey both the name most often and prominently displayed by the merchant and also the merchant’s “Doing Business As” (DBA) name. 

Another issue that creates confusion is that transaction data is limited to only 25 characters. Most of the merchants consider this length as sufficient, but when it’s not, some interesting abbreviations are randomly used widely. Some transactions may also require that additional data must be included in those 25 characters. Sometimes, you might have noticed that websites redirecting you to a different payment processor may include a mix of both companies. While both names help explain your order, not all purchases at the same time are that clear.

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1. Merchant Mislabeling

One common reason I have figured out for JRC Shinkansen charges is merchant mislabeling. Sometimes, a legitimate purchase may appear under a different name which leads to confusion among many cardholders like you. This mainly occurs due to a discrepancy between the business’s registered name and the name commonly recognized or associated with its products or services.

2. Unauthorized Transactions

In many cases, JRC charges also have resulted in unauthorized transactions. Fraudulent activities, such as identity theft or stolen card information lead to charges that cardholders do not recognize, as they use some descriptions like JRC which a genuine company would use. It is quite crucial to monitor your statements periodically to identify them at an early level and report such transactions accordingly.

What Others Say About Panther East Charge?

At first I thought it was a fraud charge then I googled Project Panther and Jay Z’s name came up. I realized the charge was the same amount and date as my usual Tidal subscription fee.

I just got a call from Bank of America 800 933 6262, I did not answer it since it is 9 o’clock on a Saturday.I tried to call the regular number but they’re closed. I’m not sure if this is a good number but I did not answer it. I looked at my bank statement and saw a debit for .01 from Panther Philadelphia PA, then I saw a debit same amount. I have no idea what that is for. I called the 933 number and it did answer as a Bank of America number but I did not answer any of the prompts. I guess I’ll call them on Monday. Anyone else had this problem

I just got a text from my bank asking me if I recognize a transaction for 1 cent by Panther East. The text message said that If I don’t recognize the transaction, I should text back with “UB ###### (6 digit number)” they provided. Three minutes earlier I received exactly the same text from my bank but the name was “Pro Moto Billet” and also for 1 cent.

I just got 2 charges for 1 cent each and a fraud text and email from my bank. Never had anything to do with tidal. Says Panther east.

Contacting The Panthers East

Post the above mentioned process, you have now concluded that the charges levied are legitimate then no further action is required. But, if you’re still confused about the charge and its origin and have other reasons too to believe that it’s unauthorized then I would recommend you to immediately contact Panthers East. They must be happy to help you understand the charge details and clear any other pertinent doubts.

Here’s how to contact Panthers East:

• Visit the official website of the concerned and find their contact details. In such cases, contact details must only be trusted from official sources.
• Call the customer service number or write an email, explaining the issue. Make sure you mention all details, some screenshots could help them understand early and easily.
• If you are talking to them, make sure you don’t provide any bank details, and take your time to understand the issue briefly.

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Conclusion

Possessing a credit card is trouble these days. Scamsters are not high school pass-outs looting people, they are graduated Engineers using sources like the dark web to scrape data from the websites of many financial institutes by investing huge efforts and capital. This all has gone beyond way far from what we think a credit card scam is. Make sure you regularly review your credit card statement and keep a close track of your spends and expenses. As soon you smell something foul, report immediately to your credit card issuer.

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