![]() What does that mean? Well, scammers can record all the data and spend the money on the gift card without your knowledge! It can be hard to tell these fake websites apart from genuine ones, and if you fall for one of them, you could end up submitting credentials like the gift card number, expiration date, and even its 3-digit code. Many people will check the balance of their gift cards online, and scammers try to create fake websites to steal your card’s details. They benefit A LOT from gift card scams - according to the Federal Trade Commission (FTC), the total loss to gift card payment scams recorded from January to September 2021 was $148 million! Stunningly high! Read on to see if you could detect any of these common gift card scams and learn how to spot them: 3 Common Gift Card Scams 1. However, scammers also find it convenient to use the allure of gift cards to trick you. It’s exciting to give and receive gift cards, isn’t it? They’re always a convenient way to show thanks to others.
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