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Why Do Scammers Want Gift Cards / iTunes scam: Why fraudsters are demanding payment with vouchers - ABC News (Australian .... Incidentally, they are also one of the most common ways that scammers. The shocking reason why scammers ask for gift cards and the various ways they launder money through gift card scams. Scammers place a call or email to an unsuspecting victim with urgent news or a convincing story. Scammers likely prefer gift cards as payments because they're equivalent to cash in the sense that they are not tied to a person or entity unlike credit or debit cards. And why do people fall for this scam in the first place?have you or someone.

Why are itunes gift cards so valuable? Store gift cards from major retailers are faster and easier to buy and redeem than ever—which explains why they are so popular among scammers looking holly kay bought eight $1,000 macy's gift cards at a california mall because a scammer told her to on the saturday before thanksgiving. Gift card fraud provides attackers with certain advantages. After this he gets another call from the scammers who ask him for the gift card numbers on the pretext of keeping a record of the serial numbers to help him convert them back to cash later. As gift cards come in relatively small denominations, the scammers would have told the victim to purchase several gift cards to make the amount up to what they needed to pay for the fake service.