Gift card scam warning | 2 Wants to Know

Gift cards are among the most popular and easiest gifts to buy. Capitol One estimates that 64% of U.S. consumers purchase gift cards as holiday gifts, which is why scammers have figured out how to steal money from them.

It’s called the Drain Scam. Last year, 41,632 cases of gift card draining were reported. This resulted in a loss of $217 million.

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