WebMar 20, 2024 · Gift card scams have skyrocketed in the past few years. According to the latest data from the Federal Trade Commission (FTC) : Americans lost over $228 million to gift card scams in 2024 alone. Yet, despite most people knowing that legitimate companies won’t request payment via gift cards, millions still fall for common gift card scams. WebNov 9, 2024 · Contact the company that issued the gift card, tell them it was used in a scam and ask for a refund, keep the card itself and gift card receipt. Paid with cash app like Zelle or Venmo.

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WebJul 5, 2024 · The gift card run-around. In recent years, gift cards have become the scammer’s payment method du jour. Last year, gift cards accounted for $102.9m in payments that victims made to scammers, … WebDec 8, 2024 · Fraud reports classified as “online shopping” are excluded here and throughout this Spotlight because of the legitimate use of gift cards among large retailers. 2 Gift cards were the most frequently … trackhawk lease cost

How to Avoid Gift Card Scams - Consumer Reports

WebDec 9, 2024 · In 2024, the median amount victims lost to a gift card scammer was $700. This year, it’s $1,000. Older people are more susceptible to these scams, according to … WebFeb 26, 2024 · Scam artists can use them to buy expensive merchandise which can be resold or simply trade the card value for cash or cryptocurrency. The popularity of gift cards, especially during the holiday season, also provides scammers with the perfect cover. At peak sale periods, it’s not unusual for someone to buy multiple gift cards in … trackhawk launch