Beware of Scams Using Green Dot MoneyPak CardsNovember 11, 2013 – Memphis, TN – Better Business Bureau is warning consumers and business owners of multiple scams involving the use of Green Dot MoneyPak cards. Different versions of this scam are targeting consumers across the country, including consumers in the Mid-South.
Green Dot MoneyPak cards themselves are legitimate products when used for the right purposes. Once purchased at a participating retailer with cash, consumers can use MoneyPaks to reload other prepaid cards, add money to a PayPal account without using a bank account, or make same-day payments to major companies. Because the cards can only be bought with cash, consumers never need to disclose their personal or financial information to a retail cashier or to make a payment.
While many scams still involve crooks asking for funds to be wired to them, MoneyPaks have the added benefit of the crooks not having to show up at an office to claim the funds. Anyone with the 14-digit number found on the back of the card can drain the card of funds.
BBB has heard of several versions of scams involving crooks asking their potential victims to transfer funds using Green Dot MoneyPak cards, including:
In all of these examples, the intended victims are instructed to buy a Green Dot MoneyPak card, load the amount of the fine or other money owed onto the card and then provide the number on the back of the card to the scammers, who will then drain the funds from the card.
BBB offers this advice to avoid falling for one of these scams:
For more consumer tips and to keep up with the latest scam advice, visit our website at bbb.org, like us on Face Book (BBBMemphis), or follow us on Twitter (@BBBMidSouth).