Is it illegal to buy discounted gift cards?
SHORT ANSWER: Yes. Saving with discount gift cards is great, but you do have to commit your money to a brand before buying the merchandise you want.
Can you get in trouble for buying gift cards?
Gift cards, like credit cards, are considered “access devices.” Fraud and related activity in connection with access devices is a federal offense under 18 U.S.C. section 1029.
Is it legal to buy gift cards?
Gift certificates and gift cards are covered by statutes setting these basic rules: … Effective January 1, 2008, any gift certificate with a cash value of less than $10 is redeemable in cash, which includes currency or check, for its cash value. California laws governing gift cards and gift certificates cannot be waived.
Is it illegal to buy lots of gift cards?
Mall/multiple-store gift cards: California law allows merchants to impose service fees and expiration dates for cards that can be used at multiple, unaffiliated businesses. … If the balance is $10 or more, a business doesn’t have to redeem a gift card or the balance left after a purchase for cash.
Can I convert a gift card to cash?
Go to a Gift Card Exchange kiosk to trade your card for cash. A Gift Card Exchange kiosk is usually bright yellow and located in a grocery store. Insert the card information into the kiosk and then choose to accept or reject the offer the kiosk gives you.
Can you exchange a gift card for cash at Walmart?
Notwithstanding anything contained in these Terms and Conditions, Walmart plastic Gift Cards and eGift Cards (“Walmart Gift Cards”) are not returnable or refundable for cash except in states where required by law. Resale of Walmart Gift Cards is strictly prohibited.
What scammer do with gift cards?
Once gift cards are purchased, the scammer will ask the victim to repeat the gift card numbers over the phone–at which time, the scammer drains the value of the gift cards. Victims who fall for the initial ploy are often told to go back to the store to buy additional gift cards.
Can you go to jail for scamming gift cards?
Possessing a blank card with the intent to turn it into a counterfeit card is a misdemeanor under California Penal Code Section 484i PC that is punishable by up to six months in jail. Altering cards or possessing card counterfeiting equipment is a “wobbler” that can result in a three-year prison sentence.
Can gift cards be Cancelled?
Once you have the gift card number (or as much information as you can find), call customer service for the merchant that issued the gift card. … If the card hasn’t been used, ask if it can be cancelled and a replacement gift card issued. (You may have to pay a fee to get a replacement card.)
Is buying gift cards online illegal?
A) Yes, it happens all the time. There are websites dedicated to reselling Gift Cards. B) But purchasing a Gift Card at full price is moronic, as you’ll never get what you paid for it.
How do people sell cheap gift cards?
Giftcards.com, Cardpool, Raise, and CardCash are just a few of the many websites that sell discounted gift cards. There are several others, and all offer the same basic service: a way to buy retail store gift cards for less than face value.