3 ms·
The levels of fraud must not be that terrible compared with the profits made from legitimate gift card sales. Otherwise retailers would fix obvious stuff like t
by jzwinck 11y ago
The levels of fraud must not be that terrible compared with the profits made from legitimate gift card sales. Otherwise retailers would fix obvious stuff like this:
> The only items he was trying to buy were several $200 gift cards. When the first card he swiped was declined, the man fished two more cards out of his wallet.
Obvious solution is to ask for photo ID when selling gift cards. It needs to match the credit cards and the customer's face.
As for giving out gift cards for stolen merchandise, it should be possible to add a unique bar code on every high-value item and scan it on purchase and return. Then stores will know if they received money for the item when someone tries to return it. This also fixes the problem of people returning items bought at another store.