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How some gift card companies are helping stop scammers and get your money back

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But now, some gift card companies are flagging fraudulent transactions and freezing stolen gift card money so that scammers can’t get it. And those gift card companies want to give that money back.

start with calls, texts, emails, or social media messages, the FTC says. The scammer pretends to be someone they’re not: a company, the government, a family member or romantic interest. Their message is always urgent. And they want money. They’ll tell you to buy a gift card or maybe multiple gift cards. Once you do, they’ll demand you send a photo of the card or give them the numbers on the back of the card.

So if someone is telling you to pay them with a gift card in a scenario like this -- know it’s a scam! But if you’ve already given the scammer the info, some gift card companies are working to give that money back to you.you were scammed. Give the gift card company the information from your receipt or a copy of the numbers on your gift card.Once you report a gift card scam to the gift card company, ask for your money back. If the money was frozen or not downloaded by the scammer, some gift card companies will give the money back.

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