Saturday, September 07, 2024

Drained Gift Cards with No Value Are Becoming Problematic

A man bought a $100 gift card and ended up with a worthless dummy card.

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... As we head into the holiday shopping season this fall, there's no bigger waste of your money than purchasing a gift card that's worth nothing at all.

Unfortunately, buying an already drained or worthless gift card is more common than you think. Bill Sampson is well aware of that. He has a stack of unused gift cards in his kitchen, including one he recently bought while grocery shopping.

"I got a Home Depot card off the rack," he said, "all wrapped up in cardboard."

But when he got home, he said, "I opened the package, and voila, it was an Amazon gift card."

Someone had swapped the $100 Home Depot card he wanted with a worthless Amazon card.

"So someone apparently is pulling these off the shelf," he said, "slitting the package, and putting a dummy Amazon card in that hasn't been activated."

The Amazon card had no value. The Home Depot card he paid $100 for was now in someone else's hands.

"There was no sign of tampering," he said. "No sign." ...



#1 | Posted by LampLighter at 2024-09-06 02:23 PM

Gift cards are a Scam.

Always were.

#2 | Posted by Effeteposer at 2024-09-06 11:11 PM

@#2 ... Gift cards are a Scam. ...

Why?

#3 | Posted by LampLighter at 2024-09-06 11:29 PM

Well, they used to be. Some of them had expiration dates, but that was a long time ago. Or I suppose it's the fact that you always end up spending more than the value of the card.

The best gift cards are the ones you buy in the actual store, such as Foot Locker, where the cashier gets the card for you.

The other scam is the one where the code is already copied by someone, so when it's purchased the thief can just use the code.

#4 | Posted by LegallyYourDead at 2024-09-07 10:26 AM

Another route is purchase a [blank/unloaded] Visa card that you have the cashier put the money you want on it, and mail to the intended recipient.

#5 | Posted by MSgt at 2024-09-07 04:29 PM

Gift cards still have to be activated by a cashier, right? The could of times I've bought one, that was the procedure. Worthless without.

Not sure how thieves could use the ones they stole.

#6 | Posted by AMERICANUNITY at 2024-09-08 03:39 AM

The couple of times I've bought one ...

#7 | Posted by AMERICANUNITY at 2024-09-08 03:39 AM

#6

If I read this correctly here's how the scam works.

A person goes to buy a sealed gift card package where the card's activation number/barcode is duplicated on the outside of the package while the physical card remains hidden inside.

When the purchaser goes to the register and places money on the card's account, they're actually putting their money on the card the scammer's possess because inside the sealed card package is another card - often from a different vendor - that doesn't have the numbers the buyer placed his money towards.

#8 | Posted by tonyroma at 2024-09-08 10:24 AM

#8 cont.

And because the buyer doesn't open the card package at the point of purchase, they don't realize they've been scammed until the physical card is removed from the packaging, and someone attempts to use it or check its account balance.

The store where the card was purchased isn't going to refund the money because to them, the money was electronically passed through to whoever holds the real card. The purchaser is left simply SOL.

#9 | Posted by tonyroma at 2024-09-08 10:29 AM

#8 | Posted by tonyroma

Thanks for the explanation.

#10 | Posted by AMERICANUNITY at 2024-09-08 12:56 PM

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