As noted in a recent update of a BBB study on puppy scams, scammers now often ask victims to pay through Cash App or Zelle.
Gift cards join the list of new methods scammers use to part victims with their money. This enables scammers to quickly steal the money loaded on the cards. Using a variety of excuses, such as a threat of immediate arrest, scammers convince victims to buy the gift card as a payment method and ask for the numbers on the back of the cards. For scams to be successful, crooks need a way to get money from victims. The Better Business Bureau (BBB) finds that gift cards have also gained in popularity as a payment method for scammers over the last several years. With more people staying at home, gift cards have become even more popular during the COVID-19 pandemic. A recent AARP survey found that two-thirds of the public intended to buy them for the 2020 holiday season.
According to the Gift Card Retail Association, they have been the most popular gift for 14 years in a row. Gift cards have become a very large industry, with worldwide sales in the billions. Introduction Why do scammers want gift cards?
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