FTC GIFT CARD WARNING Archives - Elliott Report

FTC GIFT CARD WARNING . Congratulations, you’ve won a free $1,000 gift card — just click here to redeem it! July 20, 2023 December 25, 2019 by Christopher Elliott. If you clicked on …

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FTC GIFT CARD WARNING Archives - Elliott Report

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FTC GIFT CARD WARNING . Congratulations, you’ve won a free $1,000 gift card — just click here to redeem it! July 20, 2023 December 25, 2019 by Christopher Elliott. If you clicked on …

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FTC Report: Gift Card Scams Increased This Year - Forbes

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Dec 9, 2021 · In the first nine months of 2021, nearly 40,000 consumers reported losing $148 million in gift card scams, according to a new report from the Federal Trade Commission (FTC).

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FTC Data Show Major Increase In Gift Cards As Scam Payment …

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Dec 8, 2021 · A new Federal Trade Commission data spotlight shows that in the first nine months of 2021, consumers reported losing $148 million in scams where gift cards were used as the …

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FAQs about FTC GIFT CARD WARNING Archives - Elliott Report Coupon?

What does the FTC do about gift cards?

The FTC has brought enforcement actions against several companies for deceptive marketing of gift cards. It also has information available for consumers about shopping for and using gift cards. What Shoppers Need to Know About Gift Cards Retail gift cards have become an increasingly popular way for consumers to buy things. ...

Are gift card Grifters considered a scam?

Gift card Grifters are considered a scam. For years, the FTC has warned consumers about them. Now, there’s a new Stop Gift Card Scams Toolkit to help retailers do their part to prevent this form of fraud. (Back in the olden days – say, four or five years ago – wire transfers were con artists’ favorite, but gift card scams have since become more common.) ...

How do I report a gift card scam?

Tell them you were scammed. Give the gift card company the information from your receipt or a copy of the numbers on your gift card. Ask for your money back. Once you report a gift card scam to the gift card company, ask for your money back. If the money was frozen or not downloaded by the scammer, some gift card companies will give the money back. ...

Who can use the Stop Gift Card Scams Toolkit?

The Stop Gift Card Scams Toolkit is for local or national retailers, retailer associations, state or local law enforcement agencies, and public-spirited business persons interested in sharing information in their community. ...

How can businesses prevent gift card scams?

That’s why the FTC has created a Stop Gift Card Scams Toolkit with resources to help businesses alert consumers about the risk of gift card scams. By using point-of-purchase signs, check-out counter alerts, and messages in social media, companies can help protect their customers from this form of fraud. ...

Are gift card scams causing more losses?

Individual losses are up. Consumers report losing a lot more money to gift card scams. Losses of $5,000 or more have increased from about 8% of reports in 2018 to about 14% in the first nine months of 2021. Median reported losses have increased from $700 to $1,000. ...