Gift Cards For Sale?
Ariana Eunjung Cha writes in today's Washington Post about how some folks are using eBay for turning stolen goods into cash -- including gift cards.
Gift card fraud is one of the fastest-growing problems for merchants, according to Richard C. Hollinger, a professor of criminology at the University of Florida. The National Retail Federation, an industry group based in the District, said one of its member companies recently tracked 42 gift cards it found online and found that 22 had been stolen or purchased with stolen credit cards.
Cha goes on to report that eBay recently restricted the sale of gift cards on its site to one per seller per week with a maximum value of $500.
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