Buying Gift Cards With Stolen Credit Cards [Web]

Once a gift card is acquired with stolen funds, it is converted into "clean" money through:

: Cards are sold on marketplaces or the dark web at a discount (often 60–80% of face value) for cryptocurrency or cash. buying gift cards with stolen credit cards

: Fraudsters use the cards to buy popular electronics (like iPads or iPhones) that can be easily resold for nearly 95% of their retail value. Once a gift card is acquired with stolen

: Some criminals take physical cards from retail racks, remove the preprinted numbers, and emboss them with stolen credit card information. They then damage the magnetic stripe so a cashier must manually "key in" the transaction, effectively using the stolen credit card as if it were the gift card. They then damage the magnetic stripe so a

: Stolen gift cards are typically used or resold on the same day they are purchased to stay ahead of bank disputes and chargebacks. Monetization and Resale