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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...
If you plan to purchase a gift card this holiday season, beware: Scammers are now using them to swipe your money. A study by the Better Business Bureau (BBB) found that gift card scams...
“Gift card draining” involves criminals recording numbers and PINs from unpurchased gift cards, then placing them back in the packaging.
CarderPlanet. Carding is a term of the trafficking and unauthorized use of credit cards. [1] The stolen credit cards or credit card numbers are then used to buy prepaid gift cards to cover up the tracks. [2] Activities also encompass exploitation of personal data, [3] and money laundering techniques. [4]
A 2022 AARP survey found that nearly one in four people have given or received gift cards that had no funds on them. Gift card and reload card fraud cost $228 million last year, according...
The preferred method of payment in a technical support scam is through gift cards. Gift cards are favoured by scammers because they are readily available to buy and have less consumer protections in place that could allow the victim to reclaim their money back. Additionally, the usage of gift cards as payment allows the scammers to extract ...