Top Gift Card Scams, Ways To Detect And Avoid It

In this digital Era, Nothing is impossible and with this advantage here come certain drawbacks as well. We all know how gift cards are becoming more popular these days and their market is likely to grow in the coming future as well. As the popularity of gift cards is increasing day by day, the scams related to this is also grasping the speed. The things that are making these gift cards very popular with consumers, as well as retailers, also make them tempting to scammers and organized lawbreakers.

However, the good thing is that you can avoid some of these scams very easily by detecting them soon. Today we are going to discuss the same thing to you to help you out to spot these scams and how you can fix them. If you also a gift card holder then you must read this post till the end to enlighten your knowledge regarding gift card scams.

How Scammers Exploit Gift Cards?

Gift cards are among the most common and popular tools for scammers to exploit. Any cardholder or merchant can be hit by gift card scams as these organized criminals or fraudsters uses several methods to exploit gift cards. These scams can range from simple frauds where merchants stuck with chargebacks to big frauds where merchant gift card records or information have been hacked. Here we have listed certain ways through which these fraudsters scam your gift cards, so let’s check it out.

  • Buying Gift Cards Online With Stolen Card’s Database

This is considered to be one of the most common gift card scam where the fraudster uses stolen credit card databases for buying the gift cards via online. They then later resell these cards online in return for the cash. After this when the credit card holder finds out the charge made through their database, the merchant who sold those gift cards have to chargeback the amount.

  • Buying Gift Cards By Someone’s Bank Account Credentials

These scammers hack the data of someone’s bank or online shopping account with the help of which they can purchase many gift cards. They later spend them or cash them out immediately in advance of they are even caught.

  • Hacking Merchants For Stealing Gift Card Numbers At Once

The hackers can purchase a bunch of gift card numbers from the retailers by hacking merchants from where they can steal several important databases that they use to buy a lot of cards at once and then reselling them.

  • Email Scams & Converting Points Into Digital Gift Cards

Hackers or spammers can exploit gift cards in many different ways. They can hack someone’s credit card credentials online or else by someone’s stolen credit card. By hacking these stolen credit card or bank accounts, they easily convert the points into digital gift cards. The Email scammers usually lookout for targeting the employees of a company by posing as a company executive, and ask the employees to quickly but the gift cards and asking the numbers from each card as well.

  • Requesting For A Gift Card As A Substitute For The Refund Or Exchange

Whenever a scammer buys something online with the information recorded with the stolen card, they immediately cancel the order after getting approved. In return, they ask for a refund on a gift card. Usually, these cards can’t be traced due to which the merchant gets a chargeback from the cardholder whose stolen credit card has been used in this process.

Top Gift Card Scams

How You Can Protect Yourself from Gift Card Scams?

It may sometimes hard to detect gift card scams on time but it can be prevented by following some simple process in advance. The digital world is progressing and so as the methods of these fraudsters so sometimes it hard to detect or prevent such scams. Here we have listed some very important instructions that merchants or cardholders must consider in order to reduce the chances of their gift card fraud risk.

Avoid Fake Calls & Emails

If you get any call claiming to be a government agency or credit card company and ask you to make the payment then you should not trust these fake calls. Just hung up such calls or delete such emails that are asking you for making payments. Not even a well-known company nor government organization demands for such kind of payments, so the callers are no one just the scammers. Don’t even call back or respond to their given numbers/ links or emails. If you want to ask the queries regarding such calls and emails then contact the official customer service number provided by your Gift or Credit Card Company.

Buy Gift Cards Only From Trustworthy Resellers

One common mistake that most cardholders do is that they purchase discount gift cards from any seller but instead you should only buy these gift cards from a well-known or trustworthy reseller. They must be particularly the ones that offer you customer service and will also provide you with a money-back guarantee on the acquisitions.

Monitor The Brand Listed On Gift Card

There are many brands that are linked to the gift cards and many of these brands are those which are facing insolvency. Therefore, you must check the brand status on the gift card trading sites in order to detect and shut down the brand impersonation scam.

Save & Check the Activation Receipt

When you buy a gift card, it is your responsibility to save the purchase as well as the activation receipt up to your gift card has been redeemed. Make sure to check the number that has been listed on the card and check whether this number matches the number listed on the activation receipt. If these two numbers differ and don’t match, then you should immediately alert the manager regarding this.

Tracking Gift Card Database

This step is mainly for retailers who provide gift cards to their customers. They can actually track each one from buying to reclamation. With the help of tracking this data, they can get to detect any strange activity, such as immediate activation and use, for inquiry.

Here Are The Top Reasons Why Your Visa Gift Card Not Working

If your Visa gift card is not working then there might be some reasons responsible for that. These reasons may vary from small to big and they can be sorted out based on their complexity. The small and very common reasons related to your Visa gift card not working is that the card has not been successfully activated, the card processing machine is not working properly, card balance is over, among so many. However, apart from the small causes, there are also big reasons which affect the working of your visa gift card that you should know as well.

If you are also dealing with such kind of issues and your card is not working then you can also take help from customer service. However, we would advise you to make some attempts by yourself for making your hard work and even if you didn’t succeed in that then contact the customer service and their official representatives will help you out. Before calling customer service, you should check the below-mentioned reasons for your Visa gift card not working, these may help you out to some extent.

Gift Card Not Activated

The most common reason for your Visa Gift Card for not being working is that you haven’t activated your card yet. The Visa gift cards are basically linked to the bank accounts that usually must be activated so that it can receive the transactions. If your card is inactive then it’s obvious that the payment will be failed since the allied bank accounts are not linked yet to your card and therefore, it’s not ready to be used. This plastic card doesn’t have any value until an account is linked with it or the cards have been loaded with a certain amount.

Purchase Amount More than the Gift Card Balance

As we have explained in the above point, the Visa gift cards are linked to the cardholder’s bank accounts and that also cannot be overspent. If you are making a purchase that is greater than the amount available on your card at that time, the card will most probably decline. In such cases you can also make the payment, however, it will be the partial one. Simply ask the cashier to make the partial payment, make half payment using your Visa gift card and the remaining amount by another mode of payment.

Using the Visa Gift Card at a Restaurant

When you make the payments at restaurants, it may run an authorization transaction of 20 per cent automatically which will be more than your total bill. It also makes sure that the gift card you are holding has sufficient funds to even cover a gratuity. So, if in case this dollar value is more than the card balance, then the transaction is most probably going to decline. At that time, you should ask the cashier to charge for the bill amount only and not for the gratuity or else to decrease the amount of the bills by 20 per cent and then again go back over the transaction.

Visa Gift Card

Using the Visa Gift Card at a Gas Station

When you use your Visa gift card at a gas station pump, at that time the dollar amount of the transaction is unidentified. So due to this reason, the gas station pumps usually pre-authorize $75 or even more on the card that has been swiped at their space. However, if the amount of pre-authorization is more than the value of the card, then the transaction may get declined. Therefore, you should pay inside in order to avoid such hold placed on your gift card. Tell the associated to only charge the sum you insist on.

Using the Visa Gift Card at Hotel

When it comes to the hotel, usually the hotels ask for your card while check-in and the reason behind this are to cover incidental charges, if any in future. The incidental charges are of 30 per cent or more, therefore, your card will automatically hold up while check-in along with your staying charges. Therefore, you should avoid this scenario you should check-in by using your credit card but in the end, you can pay the final bill via your gift card while check-out from the hotel.

Using the Visa Gift Card Online

For the online transaction using the gift card, there is only one problem related to that. And that issue is that the billing information should match the details that you have provided for your card. If this billing information for example—your name, address etc. doesn’t match the card details then the transaction may decline. In order solve this issue, you must make sure while registering your card with the card issuer or bank that the name and address that are allied to the account are current. This can be done through the website, app, or through their customer service number.

Making International Purchase

However, there are some gift cards that can be used easily for making international payments but mostly the Visa gift cards that have been issued in the United States are only to be used in the United States and not outside that. If you are making any purchase that has been outside the U.S. or even to the non-U.S. web portals or else by telephone, then your transaction may decline automatically. So, in order to avoid such an issue, make sure you are purchasing items or paying for any kind of services within the United States or the prescribed area mentioned in the card.

Conclusion

Here, we have listed all the major reasons for Visa gift card not working and these are also the common issues which cardholders don’t realize until the transaction is declined. Therefore, with the help of these points, you will get a clear picture of the use of gift cards and how it usually works. Even after trying to solve the things on your own, you didn’t succeed in it then you can call the issuing company or bank’s customer care representative in order to find out the main reason for your card is not working.

Visa vs. Mastercard; Which is One To Choose And Why?

Visa vs. Mastercard: Though VISA and Mastercard look very alike and perform similarly as well, but still the cards have certain areas where it differs from one another. The major difference that separates Visa and Mastercard from each other is that these cards only work on the payment network that usually operated by the company. A Visa card is not going to work on the payment network of Mastercard and the same goes with the Mastercard as well.

One must take note that all Mastercard or Visa cards are not the same and the further differences between these two come from the particular card that you are having. In our everyday spending, Visa and Mastercard have so much in common that seems to make no difference between these two cards. Both the cards are also accepted across the globe the benefits of these cards whether their Mastercard or Visa card is determined by the card issuer, therefore, you must focus on its additional features other than the benefits while choosing the one option from these.

If you are also interested in knowing the difference between these two cards, then you must read this following information carefully that we have provided in this article for helping you out to know the difference between the Visa cards and Mastercard.

Visa vs. Mastercard: Definition

What Is A Visa Card??

Before knowing about the Visa card, you should know about Visa Inc. Visa Inc. is an MNC corporation that is a US-based company that deals with financial services and provide all the financial solutions to people worldwide. It majorly deals with the funds that people can transfer worldwide to anyone through Credit Cards, Debit Cards and Gift Cards by Visa Inc.

There are multiple types of Visa cards that serve a different purpose. Some of them are Visa Classic Credit Card, Visa Gold Credit Card, Visa Platinum Credit Card, Visa Signature Credit Card, Visa Infinite Credit Card, etc.

What is MasterCard??

MasterCard is basically a branded network that mainly practices electronic payment services on behalf of its financial institution’s members to the merchants. It has partnered with several institutions across the world in order to connect several contributors in many kinds of transactions, which also consist of businesses, financial institutions, merchants, along with customers utilising its branded electronic payment cards. The payment cards that have been issued by MasterCard mainly come with the MasterCard logo, and in addition to that, they are even called closed-loop cards as well. These kinds of cards are accepted anywhere in the world, and that logo particularly helps in representing their eligibility for use.

Visa vs. Mastercard

VISA and Mastercard Credit Cards: Brief Figures & Data

Both VISA and Mastercard Credit Cards are accepted across the world and usually, these cards have been accepted by the same merchants which are approx. 33 Million in numbers. As a result, while making the choice between these two networks, you should come down to a decision based on the benefits that you mainly prefer.

There are about 37 Billion Worldwide Transactions of VISA card has been recorded while for the Mastercard, it has been recorded 24 Billion. As we have above said, both the cards have been accepted worldwide which includes more than 210 Countries as well as Territories. Coming to its market share, the VISA card has 48.50 per cent while Mastercard has 31.70 per cent Market Share

Credit cards on VISA cards break down into two tiers that are Standard VISA and VISA Signature. Meanwhile, Mastercard breaks down into three tiers and those are Standard Mastercard, World Mastercard, and World Elite Mastercard.

Visa vs. Mastercard: Comparisons of the Benefits

Purchase Protection

The VISA Signature provides the extended warranty protection to the cardholder which includes a maximum of $10,000 per claim along with $50,000 per cardholder. On the other hand, World & World Elite offers Price Protection that helps in covering up to 60 days when purchasing for World Mastercard, along with 120 days for World Elite as well. In addition to that, the cardholders also get Extended Warranty & Extended Warranty, however, it may subject to diverse or altered limits.

Traditional & Standard

The traditional benefits of VISA credit cards consist of auto rental collision damage coverage, along with zero fraud liability, as well as emergency card replacement, among many others. The Standard benefits of Mastercard consist of identify theft protection, along with emergency card replacement as well as zero fraud liability.

Rental Car Insurance

The VISA credit cards are accessible through both VISA as well as VISA Signature Credit Cards. Its domestic coverage limit is of 15 successive days while for International coverage it takes 31 days. Talking about the Mastercard, it can be accessed through Mastercard, World, as well as through World Elite Cards. It covers the coverage limit of 15 successive days. In the meantime, the World and World Elite cover 31 successive days, particularly on the international rentals. It has been limited to $50,000 per incident as well.

Visa vs. Mastercard

Visa or Mastercard: Which one is Better Option?

The major factor that people should consider while buying the card is the card features and benefits such as its Sign up Bonuses, interest rates, fees, perks, rewards, and many other features. However, you should know that all the Mastercard cards are not the same, and so as the Visa cards which are also not all same and also, the benefits of these cards have been determined by the card issuer. So, it doesn’t matter which one you are choosing, because each card whether its Mastercard or Visa card, the features and benefits will be different. So the main thing that you have a focus on is its features and benefits and not the card’s type. You must also take note that if you have good credit, you are going to qualify for the card with more rewards and perks. So, you just need to build up good credit otherwise, the one with bad credit didn’t get that much of the benefits that you must be expecting for.

Bottom Lines

This was all about the difference between Visa and Mastercard, we hope this information must have helped you out in enlightening your knowledge about these two popular cards.

Can You Buy Gift Cards With A Credit Card? Here Is What You Need To Know!

This is one of the most common questions that have been asked by the people who are planning to buy gift cards. However, the answer to this question is quite complicated but overall it’s a Yes! you can buy gift cards using your credit card but it’s not that simple as you are thinking because it involves various conditions and restrictions as well. If the same question is in your mind then here we have answered that query in this following post. Today, we are going to share some crucial information regarding the same, so the interested readers should read this post till the end to get complete information on the same.

Different Kinds of Gift Cards

If you are new to gift cards and don’t know about its kinds, there are mainly two types of gift cards, one is Retail or store-specific gift cards and the other one is Generic gift cards. Let’s check out the working of both the cards.

1. Retail or Store-Specific Gift Cards

This kind of gift cards can only be used at the selected store chain and is also known as “closed-loop” gift cards.

Plus Point: The best thing about these gift cards is that typically you don’t have to pay any associated fees with these cards.

Negative Point: The only thing negative about this card is its usability in a certain store or store chains. Other than those selected branded merchants, you can’t use these cards in another store. In addition, if the store goes out of business, the card value is also going to get loose.

2. Generic Gift Cards

Also known as General or “open-loop” gift cards and it can be used wherever the card’s network has been accepted. In addition, you can also get generic gift cards for all the most important card networks. Visa gift cards, Mastercard gift cards, Vanilla Visa gift cards, Vanilla Mastercard gift cards, among many, are some examples of these gift cards.

Plus Point: The vest thing about Generic Gift Cards is that the cardholders can use these gift cards anyplace that can accept the regular credit cards as far as the card’s network is accepted. Also, there are generally no usage fees for the person that has been using this gift card.

Negative Point: The cardholders of this gift card have to pay an associated fee which is typically between $2.95 and $6.95. The fees may vary based on the issuer and the denomination.

Which Is The Best Place To Buy Gift Cards?

Other than the specific stores or store chains where you can buy these gift cards, there are many other different stores where you can buy generic gift cards. These gifts cards can be purchased from Supermarkets & warehouse clubs; Gas stations; Grocery stores & supermarkets; Convenience stores; and even from the Drugstores as well.

Some of the well-known retailers from where you can buy these gift cards consist of Staples, Amazon, Walmart, Target, among many. In addition to the retail stores, you can also buy these cards from online gift card web portal such as GiftCards.com, Cardpool.com (can be used to buy and even sell unused gift cards), etc.

Gift Cards

Can You Buy Gift Cards Using Your Credit Card?

In most of the cases, it is a Yes! You can buy gift cards using your credit card. But, in addition, there are some circumstances where you may face a little issue regarding the same. In order to understand this, you should understand the difference between a debit card and a credit card. A debit card is directly linked to your account savings, if you make any payment using this card, it will get deducted from your saving or current account. In this way, you can spend what you have in your bank account. However, the situation is quite different in credit cards as here you can spend money even before you have it in your account.

So, the Gift cards are more likely of a debit card which allows you to get the services through your existing balance. As soon as your funds are no more in the card, it will have no more value. However, there are rules & guidelines overriding the credit cards as well as gift cards usage; it’s most commonly natural to think if you can use one to buy the other one.

Points To Consider While Buying Gift Cards With A Credit Card

First of all, you all must take note that buying a gift card is more of a complex task and for that, you just need to know certain things that we have listed below:

  • The one who wanted to buy gift cards by using a credit card can make it happen, however, in some of the cases you may possibly run into a problem buying a store-issued gift card.
  • It’s not necessary that you can get gift cards very easily via credit card. There are many retailers who will not accept credit cards as a medium of payment of gift cards, or else, they will be asking you to provide extra ID in order to check against your credit card as well.
  • While buying a gift card using a credit card, you must take note that you may possibly not earn any reward on your purchase, and it will also depend on the terms and conditions of your credit card that has been set by the card issuer.

Final Verdict

It’s not like that, that the gift cards can’t be purchased using credit cards or there are many restrictions if you do the same. But if you planning to do that, you must be aware of certain things and about the frauds related to this. We have also mentioned all such important points that are related to this factor. Earlier, the cards were not used to have EMV chips, due to which many stores restrict buying gift cards via credit cards and that’s completely understandable as there was a higher risk of frauds. But now, many things have changed and therefore, now you can easily get your gift card while using your credit card.

MyVanillaDebitCard Application, Activation, Check Balance At www.myvanilladebitcard.com

MyVanillaDebitCard has been issued by Credit One Bank for those who like to carry cash instead of cash. It is a very secure way of taking care of your cash as you don’t require carrying hard cash in your wallet and can make a lot of payments with the help of these cards. The company basically provides two types of MyVanillaDebitCard which are Vanilla Prepaid Visa and Vanilla Debit MasterCard. The best part about both the cards is that anyone can utilize and get access to the cards from anywhere across the globe.

You can also simply reload your MyVanillaDebitCard anytime and can make different kinds of payment very easily. Today, with the help of this article, we are going to provide you with some major details about MyVanillaDebitCard regarding its Benefits, Application, Activation, Checking Balance, and so much more. So without any further ado let’s start the benefits of MyVanillaDebitCard.

About www.myvanilladebitcard.com

MyVanillaDebitCard is similar to Debit or Credit Card that is used as the Reloadable and Prepaid Gift Card. www.MyVanillaDebitCard.com is the Official Website For The Vanilla Gift Card Holders to Register, Activate, Manage, Check Balance, Monitor Transaction History and much more. Card Holders are also able to Pay their Bills, Receive the Direct Deposit and Get Online Benefits From This Porta. MyVanillaDebitcard is a safe and reliable way for Making the Money Transaction anywhere Around the World. The Myvanilladebitcard is also just like a Visa and Master Card where swipe, make a payment and Enjoy. the Vanilla Gift Card is not a credit card so you need not check your credit. Furthermore, you are able to Easily deposit money Directly without any problem. And the best part, it has an application which you need to Download on your mobile.

Benefits of Having My Vanilla Debit Card

With Vanilla Debit Card, the users get a lot of benefits which can attract a lot of customers to get access to its cards. Below here, we have listed the advantages of having MyVanillaDebitCard.

  • MyVanillaDebitCard makes reloading the card and making different payments very easy.
  • It makes funding very easy and simpler without facing any trouble. The users can credit the money straight through the Vanilla load.
  • The users are eligible for getting 1% cashback for some major supplies which consist of web access, mobiles, gas and TV connections, etc.
  • The users will get 1% cashback on making all the other and verified purchases
  • On every payment or transaction, you will get notifications and email alerts.

MyVanillaDebitCard

Here’s the Application Process of MyVanillaDebitCard

Here we have listed some simple steps through which you can easily apply for your MyVanillaDebitCard. Simply follow the below-listed guidelines carefully.

  • Step 1: Begin the application process by visiting the official site of MyVanillaDebitCard, the link for which is www.myvanillacard.com.
  • Step 2: After that, you are going to land on the homepage of the site where you have to click on the “Get My Vanilla Card” tab.
  • Step 3: Now, you will be required to select the card brand. This step is for those who are new to Vanilla Card otherwise if you already have one then you just have to sign in for those.
  • Step 4: You will see two options on the screen for selecting the card you want.
  • Step 5: Once you select the desired card, click on the submit button and then you will move towards the application form.
  • Step 6: In the next step, you will be asked to key in some required details such as your personal information and contact details
  • Step 7: After that create a PIN and then verify it.
  • Step 8: Once you have verified the PIN code, you will have to click on the Next button.
  • Step 9: In the final step, you need to Sign up for an online account in order to deal with the card activities.
  • Step 10: At last, you have finished the Vanilla Debit Card application form that you have to submit online and you are going to get your card within 4 to 5 working days through the mail. 

MyVanillaDebitCard

 

Activate your MyVanillaDebitCard Online

After receiving your card by completing the application process, you have to now activate your card. You can only enjoy the benefits of MyVanillaDebitCard by activating your card, here are the steps that you need to follow for activation.

  • Step 1: In the first step, go to the official site of MyVanillaDebitCard.
  • Step 2: In the homepage, you will see two boxes to enter your login credentials so that you can sign in for the account of your card.
  • Step 3: Click on “Set up Your Card” option, if you don’t have an online account yet at MyVanillaDebitCard official web portal.
  • Step 4: In the next step, choose the option you have to select whether you want to go with MyVanillaCard or else you want to go with Mio Money Card.
  • Step 5: Key in your card number in the given section after you have selected one card.
  • Step 6: In the next step, provide your CCV in the given box and then click on the submit button to complete the process.

Check your MyVanillaCard Balance

Online Method Via Website

You can either Check Your MyVanillaCard Balance by simply visiting the homepage of its official site which you can get the access through providing the login credentials. In the login page, just fill your username and password correctly for a successful login and that’s it you will reach the official homepage of the site from where you can check your card balance along with the previous transactions history and many more.

Via Mobile Apps

Other than the website, you can also check your balance, see previous transactions, locate the Vanilla Reload locations, along with many other card details through its mobile app. It is Android- supported and can be accessed very easily. Also, you can get the Cash management program for free in that. You just simply have to download the app and login by using your card details or credentials. After that, you are ready to use the app as per to your convenience.

Customer Care Service

For any kind of MyVanillaDebitCard related issues, all you have to do is to directly contact their customer support service. For this, you can contact their 1855-686-9513 number or else you can mail your issue at this following address: MyVanilla Client Care, PO Box 826, Fortson GA 31808. 

How To Add Money To MyVanillaDebitCard?

there are 2 Methods for Adding Fund to Your MyVanillaDebit Card:

  • VanillaDirect Load: You are able to Add the Quick Cash through VanillaDirect Load. For this, you need to find a VanillaDirect Load retailer near you and get the card recharged from there.
  • Walmart Rapid Reload: You can Load Your OneVanillaDebit Card through Walmart store very easily. Also, you are able to Load the cash directly to your Vanilla Card at the register, for this, you need to visit a participating Walmart location to swipe and load.

MyVanillaDebitCard

How To Pay Your Bills Through VanillaDirect Pay?

You are able to try using Available Apps in Google Play Store or Apple Store or by using the Web Interface to Pay Bills with VanillaDirect Pay. it is the Most Convenient and Easy way to Pay Your Bills with Cash. You can Pay Bills Including phone, cable, healthcare, gas, water and many more through it. This makes it easy for you to Make Payments to over 10,000 billers at more than 40,000 retail stores just like Family Dollar, Dollar General and more. You are able to get a barcode with VanillaDirect Pay which is linked with each billing account. This option will make it easy to pay the Multiple bills at a time when you are in and out of the Location.

MyVanillaCard Mobile Apps

  • You are able to Assess Card balance, see transactions, locate Vanilla Reload locations.
  • You are able to Cash management program on the go, for free.
  • Android- supported
  • It can be accessed easily.

For Android

If you want to download the app on your mobile, please click on the button below: Download Here

For IOS

IOS customers are able to use this link For Download the mobile application: Download Here

Reference Links

Official website link:

  • For assessing prepaid equilibrium use the link myvanilladebitcard.com/balance.
  • To register for an account use the hyperlink myvanilladebitcard.com registration.

Bottom Lines

Overall, MyVanilla card is very similar to any other debit or credit card through which you can make different kinds of payments. The best part is that you can get to choose from its two types of MyVanillaDebitCard i.e. Vanilla Prepaid Visa and Vanilla Debit MasterCard. Both cards offer different advantages and easy payments. It can be easily reloaded and can be accessed from anywhere across the globe. Though it acts a little similar like a credit card but it is not a credit card so you don’t have to worry about checking your credit balance every time.