In one of the latest gift card scams, fraudsters are using fake barcodes to dupe you out of money. Find out how to protect yourself from the scam.
As the holidays get closer, you may plan on buying gift cards for friends and family members, but beware! There is a gift card scam out there that fraudsters are using to dupe you out of money.
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The gift cards you see in stores usually don’t have any dollar value attached to them. The cash value is added when the card is activated by the sales clerk scanning the barcode on the back of the card.
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The gift card scam uses fake barcodes.
In the gift card scam, the thieves print and place their own barcode over the real barcode. When the barcode is scanned at check out, the cash value is actually added to the scammer’s card rather than the one you purchase.
Another way crooks are stealing gift cards is by removing the gift card from its package and sneaking in a used gift card in its place. So, when you go to use the card, you find that there isn't a remaining balance on it.
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U.S. gift card sales are in the billions.
Gift card fraud has been going on almost since gift cards were invented. Why? Because the gift card industry is a big one. In 2021, the U.S. gift card market was estimated at over $313 billion, according to a study by ReportLinker.
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With the season of gift-giving around the corner, local police departments are warning consumers to look out for fake barcodes on the gift cards they purchase. Some people have, unfortunately, already been victims of the crime.
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“I even showed them that the giftcard directly linked to the store home page, and it came with a barcode to scan at the register (which is what the instructions said to redeem it). They told me "No, this is a scam giftcard" So I left all my groceries at the service desk,” tweeted one gift card scam victim.
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“Why do people make life miserable, mf I wanted to get a gift card for a friend and I realized I bought a scam gift, someone put a sticker on it and it basically transacts money to their account with a fake barcode. Man I'm dumb but people are miserable,” tweeted another victim.
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