eGift cards are a crowd favorite – not just among consumers but also fraudsters. While eGift cards are great money-makers for retailers, they also suffer from high risk of fraud. eGift card fraud is an ever-growing threat, and its damages are too costly to be brushed aside. It is crucial to understand eGift card fraud to make the best out of your eGift cards. eGift card fraud causes are one too many: its nature and operations, the black market, the secondary marketplace, the user behavior, and the lack of repercussions on fraudsters. Knowing them would give you a higher chance of tackling the crooks.
We’ve put together an infographic on eGift card fraud and its various causes. Learn to stop fraudsters from stealing the joy of gifting and be a real winner this holiday season!