The present invention is directed to a payment system and method for chargeable data that is broadcasted from a remote location. The payment system and method includes a Web site, the remote location (or a broadcasting station), and an end receiver. The Web site is configured to allow for the payment of a limited purchase amount (LPA) and to create and/or provide an encryption code. The LPA specifies an amount of chargeable data that has been purchased. The encryption code specifies the LPA at the time of payment and an authorized receiver associated with the LPA. The end receiver receives and stores the chargeable data broadcasted from the remote location. The end receiver includes an input unit for inputting the encryption code into the end receiver, and it extracts the information specifying the LPA and the authorized receiver from the inputted encryption code. The end receiver then uses an amount of the chargeable data (e.g., a song) from its storage device within the LPA if the extracted information specifying the authorized receiver matches the end receiver.