(Undated) – Gift cards are a popular option this time of year but the BBB says be careful. Better Business Bureau Investigator, Dan O’Brien, says in the past couple of years, scammers have doubled down on gift cards as a method to steal money from consumers.
According to a 2022 BBB Institute for Market Trust report, losses from scams involving gift cards tend to be much higher than most other payment methods, ranking third behind wire transfers and crypto-currency. Gift cards are treated like cash, which makes stolen funds hard to recover.
