Coupon Sale Scams
Examples of Coupon Fraud
Criminals make a habit of selling fake coupons or vouchers for different products on Craigslist, Oodle, Instagram, Twitter, or on any other social media platform. The coupon fraud comes in many ways, especially now since the online world is much bigger than before. Let's take a look.
Watch the video below to see six examples of coupon fraud:
The most common example of fraud is when the coupon you have has already been used; the bar code has been scanned prior of being sold. Crooks sell these redeemed coupons mostly on social media, where victims even tend to help them with the promotion by sharing "such a good deal".
The second example is when the coupon is an actual fake. Well designed and crafted, these types usually go for higher amounts of cash. Most of them come as plastic cards, similar to the bank ones, gift cards or the loyalty reward ones. They are printed for cheap in countries such as China or India.
Another fraud example is when the coupon is featured on a website that requires you to provide more personal information than you should. In this case, while the coupons themselves might be legitimate, the owner of the website collects sensitive data which could be sold to third-parties, for telemarketing purposes or identity theft.
Last but not least, another coupon fraud example is when the coupon is featured on a site that charges you an extra fee. These could have a high value, such as a $30 off deal for something that would cost around $40. Sneaky!
Coupon Fraud: How To Avoid
Don't buy coupons on social media platforms for 'online delivery', unless you are willing to take the risk. Purchase only from the website of the legitimate company you're interested in, whether is a restaurant, brand chain or iTunes.
People love buying coupons on the Internet and that's why scammers proliferate in this kind of fraud. Most of the coupons all over the world cannot be sold by law. To get around this, scammers use the expression "clipping fee". It is mentioned in the fine print, so beware. If you do buy online, visit www.couponinformationcenter.com, which is a great site where you can check if the coupon is a fake or not.
Coupon Fraud: How To Report
Warn your family and friends about the coupon fraud by sharing this article on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:
How to protect yourself more:
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TOP 5 MUST-WATCH FRAUD PREVENTION VIDEOS
Educate yourself with the videos below: