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What is a gift card scam? There are two types of gift card scams, according to experts. The first involves trying to trick you into paying an impostor with gift cards.
Red flags for gift card scams: Unsolicited communication: Be cautious if you receive unexpected phone calls, emails or messages requesting payment using gift cards.
Buying online always comes with a certain element of risk—credit card fraud, stolen numbers, identity theft, overcharging, etc.
en.wikipedia.org
If anyone tells you to pay with a gift card or to buy gift cards for anything other than a gift, it’s a scam. You’ll lose your money, and you won’t be able to get it back. Receiving a...
The most common form of gift card fraud is committed through the act of stealing card information for activated cards with an existing balance by attacking a retailer's systems which store gift card data.
Funds from stolen cards themselves may be cashed out via buying pre-paid cards, gift cards or through reshipping goods through mules then e-fencing through online marketplaces like eBay. Increased law enforcement scrutiny over reshipping services has led to the rise of dedicated criminal operations for reshipping stolen goods.
Whether it’s a phone call from someone claiming to work for the government or a someone selling an item online, if they ask for gift cards as payment it’s likely a scam, according to the FBI.
This harms the customer gift card experience, the retailer's brand perception, and can cost the retailer thousands in revenue. Another way gift card fraud is committed is by stealing a person's credit card information to purchase brand new gift cards.
Scammers impersonate real companies and get mystery shoppers to send prepaid gift cards — only to steal them without ever reimbursing the victims. Here’s an example of how it works.