Protect against Gift Card Scams is an important issue at year end. What accounts payable needs to know to protect against gift card scams is extensive. Scammers are getting better at frauds that utilize gift cards. Crooks are using #giftcardscams and #giftcards as their newest tool in the game of #fraud.
Some might as can I pay my IRS bill with gift cards and the answer is a resounding No. That should be a huge red flag that you are dealing with a crook, if they ask or demand payment via a gift card. Once you give them the gift card both they and your money will disappear.
The session explains what gift cards to crooks prefer for there are certain types of cards they seem to favor. Of course, over time that could change. Scammers using gift cards know how to play with the gift card activation software and use it to their advantage.
Gift Card Scams Explained: What You Need to Know provides the insights every person needs to arm themselves with so they don’t get defrauded. Gift Card Scams Explained attempts to do that. Some of the more popular fraud approaches include the amazon gift card fraud and target gift card fraud.
While most people don’t report this type of fraud, it is exceedingly helpful if you do.
Reporting gift card fraud can be done at: ftc.gov/complaint
This is Accounts Payable Sound Bite #62 produced by AP Now.
Learn more about AP Now at www.ap-now.com
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