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Visa was sued on Tuesday by consumers who said the card payments network failed to make prepaid "Vanilla" gift cards less likely to being drained by thieves. Ira Schuman, who leads the proposed ...
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 ...
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 ...
This article originally appeared on GOBankingRates.com: Holiday Scam: What Is Gift Card Draining Plus 4 Red Flags to Watch For. Show comments. Advertisement. Advertisement. Holiday Shopping Guides.
According to USA Today, a California man was arrested for tampering with gift cards in a Target in Sacramento last week, and police officials found more than 5,000 gift cards from Apple and Target ...
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 ...
[4] [5] [6] The company also offers prepaid Visa and MasterCard gift cards. GiftCards.com is considered the largest online gift card retailer [1] [7] [8] and has appeared on the Inc. 5000 list multiple times (most recently in 2015). [9] [10] The company is currently owned by Blackhawk Network Holdings after its purchase of the retailer in 2016 ...
What to know about the gift card scam:Police warn holiday shoppers about card draining. Holiday drinks: Try one of these 12 Christmas, holiday craft beers from Louisville breweries.