Federal Trade Commission: Scammers really, really like gift cards

Posted at 5:46 PM, Oct 19, 2018

Consumers are losing more money than ever to scammers, according to a new report from the Federal Trade Commission (FTC).

Many are paying fake IRS debts, bail for family members in foreign prisons, or fixes for computer problems they don't have.

The agency says through September of 2018, consumers have reported losing approximately $53 million. 

The amount is concerning considering the number was $20 million in 2015.

Gift cards are the preferred method of payment because they are hard to track and nearly impossible to reverse.

iTunes cards are the most reported payment, but the FTC says Google Play cards are a rising second.  

You don't have to be the next victim. 

Whether by phone call or email,  anyone wanting you to use a gift card for payment it is always a scam.