By Rachel Statzell
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January 10, 2024
In 2022, almost 49,000 people were conned out of nearly $228 million in gift card scams, says the FTC . This number is staggering, considering total gift card sales for 2023 were estimated at being almost $29.3 billion. That is a lot of money being stolen from the hands of hard working consumers. The rise in gift card scams isn't by chance. Cards like these are an easy target, as they are almost completely untraceable, meaning once the money is gone from the card, it is virtually impossible to recover or find out who stole it.