Someone stole my gift card and use it

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Gift Card Scam: Crooks Can Drain the Money Off Your Cards

someone stole my gift card and use it

My brother called the other day to complain that he'd lost a gift card. Below are the steps I would take to try and get a lost gift card back. While a merchant certainly has no obligation to replace a stolen gift card, I have.

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Transaction receipts and email records contain vital information including the date and time stamp, gift card number and the debit or credit card used to make the purchase. If the gift card is lost or stolen, but you have proof of purchase, customer service may track down the card or issue a replacement. Registering the gift card online can help fast-track the process. Not all merchants offer this feature, but some, including Disney and Subway, do. Protections may vary from gift card to gift card, so read the terms and conditions carefully, said Juliana Gruenwald Henderson, a Federal Trade Commission spokeswoman.

Tis the season for hectic activity where you might lose or misplace a gift card. If possible, register the gift card as soon as you get it. Your receipt is proof that the card is paid for and belongs to you. If you received the card as a present, ask the giver for the receipt. Time is of the essence, since gift cards may or may not require a PIN to spend the funds.

Some gift cards defend their balances better than others, though, so by choosing gift cards with the best security features, you can ensure your presents have more protection from crooks. To find out more about gift card fraud and discover what to look for in a secure gift card, keep reading. Stolen gift card numbers can be sold in online exchanges, used by criminals themselves or even given as presents to friends and loved ones without incriminating them. Additionally, most gift cards are difficult to trace, which is one reason why scammers request payment in the form of gift cards so often. The majority of gift card numbers are anonymous, easy to trade and can be used at legitimate businesses without drawing any attention, making them almost as good as cash for many criminals.

We respect your privacy. All email addresses you provide will be used just for sending this story. The process of stealing the money off gift cards can vary. With the simplest method, a hacker takes cards off the rack, writes down the gift cards' numbers, and scratches off the strip on the back of the cards to get the security codes. Once he has that information, he puts replacement stripsóeasily available onlineóover the codes and exits the store.

Gift cards have caused quite a headache for retailers in the last month, exposing another way that fraudulent activity can eat into razor-thin profit margins. Gift card fraud can range from physical theft to cloning to exploiting programming errors on the merchant side. The methods of attack are very similar to what is seen with credit card fraud, but gift card fraud is less widely reported in the news. The reason is that, unlike data breaches that involve credit cards, personally identifiable information PII is rarely disclosed. Regardless, it is important for both merchants and customers to know how gift card fraud occurs, so they can recognize the behavior and protect themselves. There are many ways to commit fraud using gift cards and they are very alluring, for many reasons.



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