I was discussing different scam techniques I have heard of/seen with my husband the other day. I wondered out loud… “what do these guys do with iTunes or whichever gift cards they get?” Obviously they are not shopping at the Apple Store?
He said they have a way to get the money out of them, but didn’t know how it worked. I assume he’s right… now I am curious how does this happen, and why can’t apple or google make it harder for the scammers to use their gift cards?
EDIT – lots of good explanations! I was talking specifically about gift card scammers who convince their victims over phone/email/text to purchase gift cards and send them the activated codes. TIL there are many ways to use gift cards to scam ppl.
In: Technology
They also steal gift cards from retail, scratch off and document the codes, then replace the scratch off material with a similar sticker. Then they replace the cards on the shelf, wait for someone to buy/activate them, then swoop in and redeem the value before the rightful purchaser. They have a program that continuously polls for the codes until it pops up with credits.
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