Green Dot Prepaid Card Scams on the Rise

Green Dot Prepaid Card Scams on the Rise

January 6, 2014         Written By Lynn Oldshue

Green Dot prepaid cards have become a new target for scammers, who are tricking customers into sharing information about these cards on the phone or online.

Green Dot MoneyPak cardholders are issued a PIN just like normal debit cards, and scammers are finding ways to get consumers to reveal these PINs in addition to their card numbers.

Common scams involving Green Dot cards often utilize a supposed utility company that is threatening to cut off someone’s services. The users give out their card information to avoid cutoff, even though they are not actually talking to the real utility companies.

Some websites and payment processors are also asking for PINs online after a person makes a purchase or loads money onto his card. This information is all a thief needs to steal money off the card.

“Treat the money stored on your MoneyPak card the same way you would treat cash in your wallet,” Attorney General Bill Schuette said in a Consumer Alert. “Refuse any offer that asks you to buy a MoneyPak and share the number or receipt information by email or phone.”

If you are a Green Dot cardholder, be careful where you share your information. This could result in the money getting drained from your account.

The information contained within this article was accurate as of January 6, 2014. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Lynn Oldshue

Lynn Oldshue has written personal finance stories for for twelve years. She majored in public relations at Mississippi State University.
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