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January 30, 2024 at 12:09 PM. By Jonathan Stempel. (Reuters) - Visa was sued on Tuesday by consumers who said the card payments network failed to make prepaid "Vanilla" gift cards less likely to ...
The reason why prepaid Visa Vanilla gift cards as well as other prepaid gift cards are being targeted by card draining scams is because of their versatility. These kinds of cards “can be used ...
If you plan to purchase a gift card this holiday season, beware: Scammers are now using them to swipe your money. A study by the Better Business Bureau (BBB) found that gift card scams nearly ...
Gift card draining is a way to steal funds off of gift cards. Here are ways to avoid the scam. ... She bought $2,000 worth of Vanilla Visa gift cards at a CVS in New York City only to discover ...
December 13, 2023 at 5:14 AM. With the holiday season comes more shopping and with more shopping comes more scams and fraudsters looking to take advantage of your holiday goodwill. From supposed ...
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 ...
Holiday shoppers are being encouraged to take extra precautions when purchasing gift cards. ... Police Send Warning About Gift Card Scam During Holidays. Carly Silva. December 12, 2023 at 11:34 AM ...
Impersonation Scams: This is the most common type of gift card scam, where scammers may impersonate a trusted individual or organization, such as a government agency, a utility company, a tech ...