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What to know about the gift card scam:Police warn holiday shoppers about card draining. Holiday drinks: Try one of these 12 Christmas, holiday craft beers from Louisville breweries.
The Federal Trade Commission reports that gift card fraud has been on the rise since the pandemic started. In the first nine months of 2021, more gift card fraud was reported than in all of 2020 ...
Gift card draining is a way to steal funds off of gift cards. Here are ways to avoid the scam. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways ...
The preferred method of payment in a technical support scam is via gift cards. [41] 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 ...
Carding (fraud) Carding refers not only to payment card based fraud, but also to a range of related activities and services. 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]
IRS impersonation scam. An IRS impersonation scam is a class of telecommunications fraud and scam which targets American taxpayers by masquerading as Internal Revenue Service (IRS) collection officers. [1] The scammers operate by placing disturbing official-sounding calls to unsuspecting citizens, threatening them with arrest and frozen assets ...
However, there is a bad side to gift cards that everyone should be aware of: gift card scams. According to the FTC , consumers reported 48,800 cases of gift card fraud or reload card fraud ...
Gift card. A gift card, also known as a gift certificate in North America, or gift voucher or gift token in the UK, [1] is a prepaid stored-value money card, usually issued by a retailer or bank, to be used as an alternative to cash for purchases within a particular store or related businesses. Gift cards are also given out by employers or ...
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