Be Sure To Avoid These 3 Common Gift Card Scams November 11, 2020 News No Comments The National Retail Federation found that gift cards were one of the most requested gifts during the 2017 holiday season. Moreover, the gift card spends for the season was estimated to reach $27.6 billion. But how many of those cards were victims of fraudulent activity? Here’s how to protect yourself from some of the most common gift card scams. Read Also: Gift Card Hacks You Have to Try! 1. In-Store Hacking A hacker can easily steal money from the gift card rack. How? They quickly obtain the gift card number as well as the security code. If you’re wondering how they access the security code, the scammer is already one step ahead of you. They utilize replacement to cover the scratched off security code, making it appear as if the card has been untouched. With special software, the hacker can be notified once a gift card has been activated and can be used to make a purchase. 2. Spammers Posing As The IRS, Government Agency or Companies Either you, a family member, or a friend have more than likely received a phone call from scammers pretending to be from the IRS. The fake callers claim that you owe money surrounding incorrect tax refunds. According to the IRS, people have lost millions of dollars in addition to their personal information being compromised. Note that these scammers can often ask for payment via gift cards. It’s imperative to contact the company directly if the claim sounds suspicious. Note that the IRS does not initiate contact with people via social media, email, or text messages. I f you’ve been contacted and are concerned about the legitimacy, review this helpful tax scam article from the IRS. 3. Gift Card Balance Bots The software allows for scammers to target gift card balance websites using compromised data and bots. Gift card numbers as well as pins are tried in an attempt to access gift card accounts online. Once a gift card with funds has been verified, the scammer will then sell the gift card account information. How To Protect Yourself Always check the gift card packaging for any damage. Keep the receipt from when you purchase the gift card. If you think you’ve received a fraudulent phone call, immediately hang up the phone. Avoid in-store racks that easily expose the gift card’s numbers and PIN. Look for stores that hold gift cards from behind the counter. Paul Fakayejo gift cards Request a free consultation We provide end to end payment solutions. Contact Us More from our blog See all posts Banks In Nigeria To Start Charging Customers For Failed Transactions Banks in Nigeria have started charging customers for failed transactions, a move… Continue reading How Smartpeak P100O Is Effective To Agency Banking The SmartPeak (Android Mobile Payment Terminal P1000) is a new generation PCI… Continue reading Gift Cards Make Gift Giving Simple and Easy Over the years gifts cards have accumulated a bad reputation due to… Continue reading Gift Card Hacks You Have to Try! First of all, what is a gift card hack? Well, following the… Continue reading 4 Advantages Of Gift Cards A great way to acquire new customers while retaining the loyal ones… Continue reading Nigeria is Africa’s leader in Bitcoin transfers, transacts $8 million weekly Data shows that the use of Bitcoin for peer to peer lending… Continue reading Most Popular Gift Cards In The World Over the past few years, gift cards have become more and more… Continue reading Benefits Of Gift Cards In Nigeria In Nigeria, many banks have reduced the dollar spending limit as forex… Continue reading Prev. Post All Posts Next Post Total: 0 0 0 0 0 0 No Comments Recent Posts Banks In Nigeria To Start Charging Customers For Failed Transactions November 20, 2020 How Smartpeak P100O Is Effective To Agency Banking November 17, 2020 Gift Cards Make Gift Giving Simple and Easy November 12, 2020 All Website Tagsagency banking algorithms anchor text art back-links bill paymet bitcoin branding cashless cashless policy cbn Chris Ife content coronavirus corporate corporate messaging credibility dream-theme emphasis evolution fast track banking flat Giftcard gift cards Giftoga globasure globasure mobile money globasure smart roaming GlosoftPOS GlosoftPOS on PAX google apps GROAM GROAM deployed in Unity Bank gtbank ingenico keywords nibss nigeria payalat roaming SIM seo strategy ServPoint stamp duty themeforest wordpress Leave a Comment cancel Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.