EscortPin?

Anyone have any experience with "EscortPin" verification service? I saw an ad and the SP uses the service but it is a new one on me!
It sounds fishy to me. It's asking for your credit card number for a "free membership", then says it will charge $1 which will later be removed. How does that protect the escorts?

Whois shows the site was created 13-jan-2009
but their site says they began in 2004.

Oh, oh, "Alfrazolam" in this post fell for it:
http://www.eccie.net/showthread.php?t=93539

and here:
http://96.30.44.159/showthread.php?p=616343


and here's someone else who fell for it and was then charged $20 per month, month after month, until he finally had to cancel the credit card to end it.
http://independentgirls.com/indiboar...f-information/