how's it going everybody this is beat
the bush gift card scams are pretty
rampant these days and today i'd like to
explain
how exactly it is done how they are able
to scam people out of their money
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the video description below first of all
i like to explain i
buy a lot of gift cards because i have a
grandfathered credit card the sears
mastercard you can no longer get this
anymore but i get
anywhere between 10 to 15 cash back
on this card and it's not only this card
that you can get
it i got another targeted offer the bbva
signature visa credit card
and i get a 10 cash back on up to uh
500 this is a 50 cashback now we might
wonder how can you get this for yourself
as well
i personally hold roughly 20 to 24
credit cards or so
and at any given time there's always
some sort of really great deal that
comes my way so
because i have such a large cache of
credit cards
i can just pick and select the best of
the best and just
get the most cash back from those credit
cards now in order to explain
why i buy lots of gift cards it's
because they require you to spend in a
certain category for example the sears
one
they need me to spend it in either gas
groceries or
restaurants so if i want to spend it
anywhere else
the thing i do is i go to a grocery
store
and right there i get 10 to 15 off right
and then i buy
visa gift cards or master
uh credit cards these pre-loaded uh
mastercard or visa gift cards you have
to pay
a small fee and i then use these cards
on
every other aspect of my life insurance
parking meters or
you know grub hub anything that is not
categorized under a category
uh maybe even fast food or whatnot and
then
because i'm using a credit card that has
a really high percentage cash back
already
and by translation i get a really high
cash back as well
now to explain how this
fraud actually works i've already used
this credit card already
they first obtain a gift card like this
possibly it could not be sealed already
it might be slightly open
and how they obtain this i don't know
maybe they
have a store somewhere and they're able
to
purchase these maybe they have a
connection
within the place that manufactures these
and somehow they just mistakenly forget
to put a little bit of glue
on the top edge over here and this gives
them access
inside so they can take the uh gift card
out
then they photocopy this barcode area
put another dummy visa or mastercard it
doesn't really matter
what it is just as long they have some
sort of piece of plastic in there
and they put the photocopied barcode in
here
they put it back into this little
cardboard case thing and it appears like
it's not open
but they're able to put it through the
hole at the top
so then they go around sealing it again
and then they have this gift card
that has a fake barcode in the back and
they already have
the credit card numbers from the visa or
mastercard
from the one that they stole so what
happens is an unexpecting consumer
goes to the store they pick this off off
the shelf
and they didn't know that it was
tampered with because it looks perfectly
legitimate
you know nothing has been tampered with
and then the grocery store clerk
they open up this little perforation
thing
revealing the barcode but the barcode
has been photocopied it is
a fake one of a credit card that is with
someone else
so you go and pay for this you don't
know that the little piece of paper
inside
has been photocopied because it looks
perfectly legitimate no one goes around
inspecting it
you pay for it you go out of the store
maybe you're giving it to someone else
maybe you're using it yourself and then
you just let it sit there for a while
in the meanwhile whoever has original
visa or master gift card has
all those numbers they have the physical
card with them and once they notice that
it has been loaded with money because
you purchased it at the grocery store
then they go and spend it you know at
home depot
or basically anywhere because it's a
visa or master
gift card now for the fraudster to make
this efficient
they have to plant this and make sure
someone buys it maybe within the day
or something so they would go online
there is a website
on this gift card as soon as it's loaded
with money they would know so
perhaps every single day they go online
and they
punch in the numbers and they check the
balance on this card
once there is a balance that's loaded on
there then they'll be like
oh oh okay great there's money let me go
out there and spend this
right away they can go to a target they
can go basically anywhere where you can
use a credit card they can even buy
stuff online
but most likely they don't want to send
stuff to
their home because this is going to
leave a paper trail
most likely they want to do it during
this pandemic because they can put a
mask on
because even if they use the security
cameras they have
um the mask on it won't reveal their
face and basically
they can take the goods away that they
purchase with this
uh gift card and i guess they're home
free so i make this video not to
give people ideas on how to do the fraud
themselves but
rather how to prevent a consumer
from buying a fraudulent gift card so
the thing that you can do
of course is to make sure that
the little window over here is not a
photocopy so what you can do is
go and look at this little piece of
plastic and if you kind of just rub your
nail over it
the lettering is very very durable see i
can do it right now and none of the
lettering is coming off because
it's kind of like printed on plastic and
so if it's a printed piece of paper
you can most likely spot it just by
looking at it if you have some practice
but if you don't have any practice you
can take your nail and kind of scrub it
a little bit
and to see if it's actually a a
photocopy
of a gift card the other thing i noticed
is that
they had to have some kind of gift card
that have access to it because this
gift card is actually tamper proof it
has perforations
all along here and along this edge
is actually a fold in the paper so if
you kind of look carefully make sure
that
you know they didn't take a knife and
try to open it and try to re-glue it
back together
and if you actually try to rip this open
you can see it just kind of breaks apart
over here see it kind of breaks apart
and if it breaks apart you can see that
it's been tampered with
it looks kind of torn apart a little bit
so for the fraudster to
make this work somehow they were able to
obtain
a gift card that hasn't been sealed
already and
i definitely feel like this is some kind
of inside job someone
is at a producer of these cards
and somehow the people working at the
places that makes these gift cards
they are diverting maybe a huge box of
this that hasn't been glued so then they
take a big sack of this
and i guess they can just take this and
just re-glue it themselves and it's
going to look perfectly legitimate it's
going to look perfectly sealed so one
way to tell
but it is not 100 guaranteed is to look
along the perforations
to see if it was uh properly glued i
wouldn't rely on that because they can
certainly you know just glue it much
better next time
so the best way to figure out if it's
real or fake is to open up the back
perforation and just kind of
you know use your nail and kind of
scrape it a little bit
another good way is if you're buying it
for yourself
open it up right after you buy it
because
right after you open it up you're going
to see that there's going to be
like a little piece of paper in there
and if you notice that right away you
can stop this fraud
almost immediately you can just go back
to the store or
open it right after you buy it at the
store
and if you notice this then you can get
a refund they can give you a new one
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[Music]
you