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  2. Visa is sued over 'Vanilla' gift card scam - AOL

    www.aol.com/news/visa-sued-over-vanilla-gift...

    According to the complaint, the non-reloadable debit cards are sold at CVS, Target, Walgreens and other grocers and retailers in thin cardboard sleeves that thieves can open and, after recording ...

  3. BBB Consumer Alert: Gift card scams - AOL

    www.aol.com/bbb-consumer-alert-gift-card...

    Here’s how the gift card scam works: Scammers tamper with gift cards in stores using handheld scanners to capture card information, then periodically check the balance by calling the retailer ...

  4. What is gift card draining? How to prevent getting scammed - AOL

    www.aol.com/news/gift-card-draining-prevent...

    A 2022 AARP survey found that nearly one in four people have given or received gift cards that had no funds on them. Gift card and reload card fraud cost $228 million last year, according to the ...

  5. Holiday Scam: What Is Gift Card Draining Plus 4 Red Flags to ...

    www.aol.com/holiday-scam-gift-card-draining...

    The number on the gift card and store receipt will help you file a report with store and gift card company if you lose the gift card or if you need to report fraud.

  6. How Not to Fall for Gift Card Scams - AOL

    www.aol.com/.../how-not-fall-for-gift-card-scams

    According to the FTC, consumers reported 48,800 cases of gift card fraud or reload card fraud totaling more than $228 million in losses last year. That's more cases than the following other types ...

  7. Gift card scams 2023: What to know about 'card draining' and ...

    www.aol.com/gift-card-scams-2023-know-131432899.html

    What to know about the gift card scam:Police warn holiday shoppers about card draining. Holiday drinks: Try one of these 12 Christmas, holiday craft beers from Louisville breweries.

  8. Reloading scam - Wikipedia

    en.wikipedia.org/wiki/Reloading_scam

    The term has been current at least since 1923, when it was used to describe a specific repetitive stock fraud: To "reload" a holder of stock, he is approached with an offer to buy from him a larger block of the stock at a higher price than he paid, and about the same time the opportunity is given to him to purchase more at the original offering ...

  9. Gift Card Scams: What They Are and How to Avoid Them - AOL

    www.aol.com/gift-card-scams-avoid-them-193519576...

    If you plan to purchase a gift card this holiday season, beware: Scammers are now using them to swipe your money. A study by the Better Business Bureau (BBB) found that gift card scams nearly ...