Should You Worry About Fraud When Buying Gift Cards?
00:00:00.000 | Should I be worried if I'm buying gift cards that five other people might have seen the
00:00:04.240 | code?
00:00:05.240 | And is there a lot of fraud in this industry?
00:00:07.160 | The amount of fraud that we experience among our members is very low, because our members
00:00:11.940 | tend to be somewhat professional.
00:00:14.200 | They're doing this as some kind of business.
00:00:16.120 | And we we have know your customer requirements, there's a delay to get paid.
00:00:20.300 | So that creates some security that if people upload completely bunk card information, they
00:00:25.320 | won't get paid, the user gets a refund, I think that the risk is similar to if you were
00:00:28.840 | to buy one in a store, because there's also fraud that can take place with physical cards,
00:00:33.640 | where people will swap out a card, they'll write down the card information, the card
00:00:38.600 | you activate at the register won't be the one that you're actually buying, because they've
00:00:41.400 | done a swap, there is a risk of fraud, I don't think the risk is substantial, though.
00:00:44.960 | And I think that if you buy from a reputable place, they'll make you whole.
00:00:47.560 | And so it's just not not a major worry.