A simple solution to gift card scams

A simple solution to gift card scams

As we tend to say, gift cards are the currency of scammers. They are used as payment in just about every phone or online scam. Scammers will often pose as a police department, government agency, or any kind of entity that demands payment.

The phony payment request is usually accompanied by some kind of threat such as an arrest or termination of vital services. The scammers will say the whole matter can disappear with payment in retail gift cards. They’ll then have the victims go to a local store to by an astronomical amount in gift cards then have the victim read the card numbers back to them. The gift cards are then quickly redeemed of their value and the scammers pocket the money. This is just a prevalent example of a scam involving gift cards as the sheer amount of scams that use them are too numerous to list individually.

One part of the country seems to have had enough of these scams and has taken an ingenious yet simplistic approach to combat them. A number of communities in Northern Arizona have banded together to ask businesses to display a warning sign by their gift card displays.

The signs look like a traffic stop sign but list many of the ways gift cards are used in scams. The sign informs customers that if they are buying gift cards for things like fines, taxes, lottery winnings, utility bills, etc. that you’re more than likely being scammed.

With just about every store offering the ability to purchase popular gift cards, more retailers should be adopting a similar policy to help ward off scammers. While many retailers do train their employees to recognize potential gift card scams, an extra step in the process could be a great way to help put a stop to more gift card scams.