Gift Card Fraud
Gift cards are a great gift, especially for that hard to shop for person, you’re child’s teacher, or that teenage nephew that you no longer have a clue about.
Enter gift card fraud. What that, you ask? Its when someone with knowledge of your gift card number finds out if you have a balance and then uses that information to purchase something for his or herself, essentially stealing the money represented in the card. This is still very rare, but you still don’t want it to happen to you.
This is how it works. Gift cards are usually displayed at the checkout counter. The thief copies down the numbers of several cards and then calls the merchant several days later asking if there is any balance left on “their” card. If they they find that there is a balance, then the theft begins.
To avoid this happening to you, when you purchase a gift card, ask for one that hasn’t been on display. This way no thief can write down your card’s number to gain access to its funds, and you’re safe. At least from this scam.
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