The Better Business Bureau is warning people of a sizable increase in gift card scams. (Black Press Media file photo)

The Better Business Bureau is warning people of a sizable increase in gift card scams. (Black Press Media file photo)

Gift card scam losses nearly tripled in three years: Better Business Bureau

Consumers over 65 most likely to lose money according to study

If you’re being asked to make a payment by gift card you are almost certainly being scammed, the Better Business Bureau (BBB) is reminding people.

In a recent investigative study, the organization – spanning Canada, the U.S. and Mexico – found that losses from gift card scams nearly tripled from $1,179,563 in 2017 to $2,953,174 in 2020. The numbers reflect an increasing number of scammers cashing in on gift card popularity, especially during pandemic times.

“Gift cards don’t carry the same protections as credit or debit cards, so funds spent on gift cards are funds you cannot get back,” said Rosalind Scott, president and CEO of the BBB Vancouver Island.

READ ALSO: Victoria man out $6,000 in latest gift card phone scam

In 2020, the median gift card loss reported to the BBB was $700, with the majority of victims being 65 or older. Typically, during a gift card scam, the fraudster will impersonate a government agency, business associate, tech support employee, romantic interest or seller to convince the target to buy a gift card and either read the numbers on the back of it or send a photo. To convince the victim, scammers may say the government has entered a new contract with a gift card company or may promise to reimburse them.

The Canada Anti-Fraud Centre received 2,702 gift card scam complaints in 2020, up from 2,301 in 2019 and 2,098 in 2018. According to the BBB, the most commonly requested gift cards include eBay, Google Play, Target, iTunes, Amazon and Steam, an online gaming company.

READ ALSO: Victoria senior cheated of $3,000 in gift card scam

There are two main red flags the BBB says people should watch out for, including government agencies requesting payment, statements that buying gift cards is a safe way to make a payment. It also suggests people keep receipts from buying gift cards and inspect the card for any tampering before purchasing. Some scammers, the BBB said, will open the card and record the numbers on the back before they are purchased so once they are activated the scammers have access to it.

Anyone who has fallen victim to a scam can contact the issuer of the card, local police, the BBB, the Canada Anti-Fraud Centre or the Canadian Financial Consumer Agency.

READ ALSO: Sidney business owner warns of power-disconnection scam


 

Do you have a story tip? Email: vnc.editorial@blackpress.ca.

Follow us on Twitter and Instagram, and like us on Facebook.

Greater VictoriaScams

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Two-year-old Ivy McLeod, seen here on April 9, 2021 with four-year-old sister Elena and mom Vanessa, was born with limb differences. The family, including husband/dad Sean McLeod, is looking for a family puppy that also has a limb difference. (Jenna Hauck/ Chilliwack Progress)
Chilliwack family looking for puppy with limb difference, just like 2-year-old Ivy

Ivy McLeod born as bilateral amputee, now her family wants to find ‘companion’ puppy for her

Four members with Divers for Cleaner Lakes and Oceans were out at Cultus Lake on March 28 and 29 hauling trash out of the waters. (Henry Wang)
PHOTOS: Out-of-town divers remove 100s of pounds of trash from Cultus Lake

Members of Divers for Cleaner Lakes and Oceans hauled out 470 pounds of trash over two days

Photo courtesy of Abbotsford Police Department.
‘Vehicle Maintenance 101 for Teens’ to be hosted by Abbotsford Police traffic officers

Virtual meetups with Q&A period held on April 23, May 11, May 25

Stock photo from Unsplash.com
Free online workshops on ‘advance care planning’ hosted in Abbotsford

3 sessions hosted by Abbotsford Hospice Society and Association for Healthy Aging

People stroll through rows of tulips in bloom during the Tulips of the Valley Festival on May 2, 2017. The colourful spring event, now called Chilliwack Tulips, opens on Sunday, April 11, 2021. (Jenna Hauck/ Chilliwack Progress file)
Chilliwack tulip attraction open this weekend after being closed last year due to COVID-19

More than 6.5 million bulbs in all at this year’s colourful Chilliwack Tulips event

B.C. Health Minister Adrian Dix and Premier John Horgan describe vaccine rollout at the legislature, March 29, 2021. (B.C. government)
1,262 more COVID-19 infections in B.C. Friday, 9,574 active cases

Province’s mass vaccination reaches one million people

Emergency crews on scene after a small plane crashed in a grassy area on the northeast side of Boundary Bay Airport Saturday morning (April 10). A freelancer said the plane caught fire and one person was transported to hospital by BC Emergency Health Services. (Photo: Shane MacKichan)
1 taken to hospital after plane crash at Metro Vancouver airport

Plane appears to have suffered ‘significant’ damage, says freelancer

A vehicle that was driven through the wall of a parkade at Uptown Shopping Centre and into the nearby Walmart on April 9 was removed through another hole in the wall later that night. (Photo via Saanich Police Department and Ayush Kakkar)
Vehicle launched into B.C. Walmart removed following rescue of trapped workers

Crews cut new hole in parkade wall to remove vehicle safely

As of Saturday, April 10, people born in 1961 are the latest to be eligible for a COVID-19 vaccine. (Black Press files)
B.C. residents age 60+ can now register to get their COVID-19 vaccine

Vaccine registration is now open to people born in 1961 or earlier

A new saline gargle test, made in B.C., will soon be replacing COVID-19 nasal swab tests for kids. (PHSA screenshot)
Take-home COVID-19 tests available for some B.C. students who fall ill at school

BC Children’s Hospital plans to provide 1,200 kits to Vancouver district schools this April

Ruming Jiang and his dog Chiu Chiu are doing fine following a brush with hypothermia that saw several people work together to get them out of the Fraser River near Langley’s Derby Reach Park on March 25, 2021 (Special to the Advance Times)
Man finds men who rescued him from drowning in B.C.’s Fraser River

A grateful Ruming Jiang says he will thank them again, this time in person when the pandemic ends

The 10-part Netflix series Maid, which is being exclusively shot in Greater Victoria, was filming near Prospect Lake in Saanich last month. (Photo courtesy Fred Haynes)
Province announces $150,000 towards film studio, fulfilling B.C. NDP promise

Investment to fund movie studio feasibility study at Camosun College

Tyson Ginter, 7, is proud of his latest Hot Wheels he recently received by Quesnel RCMP Const. Matt Joyce. (Photo submitted)
B.C. Mountie handing out toy cars to light up children’s faces

‘A lot of times it will be the only interaction they have with the police,’ says Const. Matt Joyce

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Most Read