Buying Gift - Cards With Stolen Credit Cards

The scale of this fraud is significant, affecting millions of consumers and leading to massive merchant losses: Using Stolen Credit Cards to Buy Gift Cards - Riskified

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

: Fraudsters use the cards to buy popular electronics (like iPads or iPhones) that can be easily resold for nearly 95% of their retail value.

: 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