Stored Value Card

Question: What are the most common gift card (stored value cards) scams and fraud practices? Methods of fraud and ways to prevent them. Common scams within the retail world and ways to prevent them.

Answer: One of the easiest scams by retail employees is to swipe the real gift card, but return an empty one. The employee keeps the real card (and uses up the rest of the balance), while the customer doesn't find out the card is empty until later, when they try to use it again (and even then, you have to call to find out how much is on the card - it's rejected if you try to charge even 0.01 over). A similar scam is to charge an extra $20 or so on the card and hope the customer doesn't notice (or don't give the customer the receipt and just sign it for them later), then just pocket $20 out of the register. The totals will still add up at the end of the shift. A "scam" by the gift card companies is to put a monthly charge on the card, and to make it very difficult to find out how much balance is on the card, so most people don't bother using it and end up letting the whole balance of the card disappear in "unused" fees.

Question: How long does the 100 pesos Metro Manila LRT 2 stored value card lasts?

Answer: SVT (Stored Value Ticket) will last for 3 months upon the first use :)

Question: Is it legal to pay employees in New Hampshire with a stored value card?

Answer: what is a stored value card? is that like a credit card or a gift certificate?? if so, then the answer is NO.

Question: Is there any stored value prepaid card available which is reload able & can be used for shopping on internet ? I am from India and looking for Master or visa or amex or any other bank's "stored value prepaid card" - which can be purchased on internet in real time using my credit card. Such card should must have the facility for using it for shopping on Internet and facility to reload it again. I am already aware of yahoo visa card with these features. But only us citizens can buy it. Is there any other bank or financial institution or company on the entire Internet - who is providing similar card for internet users of any country ? There is no bank or company as of now to my knoledge providing such card in India. IDBI bank provides gift card in India but it can not be used on internet. While answering please Remember that... my question is... "for stored value prepaid card and NOT for 'credit card" I am already having credit card from an indian bank in India But, disparately looking for stored value prepaid card which can be used on internet. Question Modified : Is there any stored value prepaid card available to buy on Internet - which is reload able using my credit card and also that (stored value prepaid card)can be used for shopping on internet ?

Answer: E-gold, Paypal and Firepay won't do what he wants. Seriously, read the question, THEN answer. What he wants is a prepaid debit card. He was exceptionally clear on that point. Try http://www.epassporte.com . You deposit money to it and you get a "Virtual Visa." Be careful, however; some online membership service companies, such as CCBill.com, don't accept it.

Question: Can I use a stored value Visa gift card/debit card to subscribe to Yahoo Personals? Can I use a stored value Visa gift card/debit card to subscribe to Yahoo Personals?

Answer: Yes you can/

Question: Are stored value cards considered a form of a M1 or M2 (or both) money aggregate? By stored value card I mean something like a gift card with a certain amount of money on it.

Answer: Yes, as they are no different than cash.

Question: When I use my Go-To card with one of Stored Value amounts, does it use on Hiawatha Line trains? Using my Go-To card to get around in Minneapolis including Metro Transit buses and Hiawatha Line rail. THis cord is better like Chicago Card and Chicago Card Plus.

Answer: If you refer to the Go-To card website( about half-way down on the page) you will see that is is accepted on the Hiawatha Line. http://www.metrotransit.org/buyPass/goTo…

Question: What is stored value visa card?

Answer: It's money that is stored "on" the card - but you have the advantage of being able to use it anywhere that takes a Visa card. You top the card up with the money you want to spend.

Question: What are the easiest credit cards to get and also what are the some store value credit card sthat are easy to?

Answer: The answers here depend on your credit history -- your score, payment history, negative information, etc. Household Bank is fairly to easy to obtain if you have bad to fair credit. They offer both secured and unsecured credit cards. Be aware, however, that an annual fee may apply and the interest rate could be high, depending on your credit history. Capital One also offers credit cards for fair credit. I would stay away from First Premier Bank -- they have four different fees they charge you, and if you have a low credit line, those fees will leave you with very limited purchasing power. There are also secured credit cards available from Citibank, Bank of America, and Wells Fargo. If you have good to very good credit, look into cards from Citibank, Chase, or American Express. I would recommend Citibank, they offer many cards most of which have no annual fee. They have cash back cards, reward cards, and airline cards -- American Airline. You can choose between Master Card or American Express. Citibank has a great reputation. As far as store cards, I would look at Macy's. They have great programs and I believe their card is issued by Citibank. I hope you find this information useful.

Question: If you have no credit card or checking account, how can you purchase items off the Internet? In other words, if you are a cash only user, is it still possible to participate in the ecommerce revolution? Is there a way to purchase any item off the Internet via a cell phone? Can I buy points or a a stored value card and use that card on the Internet?

Answer: Some banks offer a "gift card" which is basically a debit card which you prepay. No account required. We got some last year for a trip and they worked great like travelers checks, but you could use it just like a credit card. Made a coupla internet purchases with one and worked great there too. Just can't use em for any subscription services.

Question: why is a store-value card not as safe as a Credit or Debit card? its a essay question for my economics class

Answer: There are federal laws specifying protections and dispute resolution procedures for credit transactions including credit cards (even if you pay it off at the end of the month and don't pay interest, it's still a credit transaction) In the event of a fraud or dispute with the merchant your bank might be able to help with a debit card, but not as much as with a credit card. With a stored value card, if you want a refund it's totally between you and the merchant.

Question: have lost my dunnes stores value club card vouchers, can they be replaces as they have not been spent? sooooo disappointed with loosing my club card voucehers, i looked on their web page and there is nothing only an email address, i mailed the question and have heard nothing back since, anyone out there ever in the same situation??????

Answer: if you wait a period off time then they will re issue the vouchers

Question: i have lost my dunnes stores value club card vouchers, can they be replaces as they have not been spent? sooooo disappointed with loosing my club card voucehers, i looked on their web page and there is nothing only an email address, i mailed the question and have heard nothing back since, anyone out there ever in the same situation??????

Answer: I believe their headquarters is on Georges Street in Dublin 8 (I used to live down the street from there). Go there and keep banging on the door until someone lets you in. Raise Hell and maybe they'll answer your question. Sláinte!

Question: how can i tell if my sports card has value? how can i tell if my sports card ( football, baseball, & basketball ) has any value i have lots of cards stored away and would like to rid of them but get something in return but knowing im not getting ripped off....

Answer: my suggestion would be to either go to a sports card specialist or just pick up a few Beckett magazines.....that would be the easiest and plus when you go to sell them you have a referance......just an idea

Question: At CVS or Walgreens is it somehow possible to buy a Mastercard or Visa by paying with a store card? At CVS or Walgreens is it somehow possible to buy a Mastercard or Visa by paying with a store card? I have some CVS and Walgreens gift cards with money on them, but they can only be used to purchase items within those particular stores. The employees said the MC/Visa stored value cards can only be purchased with CASH. Is there a way around this rule? Is it that the register won't allow me to purchase MC/Visa stored value cards using a CVS/Walgreens gift card, or the employees won't allow it?

Answer: The store won't allow that. The store card is for store credit meaning that the store already has the money and will let you choose merchandise in return. When you buy a MC or Visa gift card, the store only gets a very small portion of the card's price, the rest goes to Visa or MC and becomes cash on the card. So, if they let you purchase a Visa or MC gift card with a store card, the store would basically be giving you cash back plus paying Visa / MC. Not a good business deal.

Question: Why would someone bid more than the value of a gift card on ebay? I'm selling some gift cards on ebay & much to my shock a couple of them are selling for more than the value of the card!!! Example: Amazon $25 card, bidding at $26.50...WHY??? Why would someone pay more for a gift card? Why not just go to the store & buy it at face value?? I almost feel like these people are going to not pay bc they realize how stupid this is!

Answer: lol that is stupid.

Question: What does "stored value" mean in terms of credit cards?

Answer: It means your credit is so bad that you had to get a freakin prepaid card!!!!! HAHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHHA… Mine's bad to, homie.

Question: How can I become a stored value open-loop MasterCard or Visa Reseller? Looking for a company that can help me acquire my own branded prepaid debit card program so that I can get ongoing revenue share from user fees

Answer: You need to get approved by an issuing bank that is a member of either MasterCard or Visa. It is NOT easy to get approval. Companies such as www.primocardgroup.com can help you package it and they will submit it to existing relationships they have with banks or processors working with prepaid card programs. Good Luck!

Question: Can you buy a Foot Locker gift card at any value? Can you buy Foot Locker gift cards in stores like CVS, or other drugstores at any value? For example, $55?

Answer: Most of those are set prices. help me? http://answers.yahoo.com/question/index;…

Question: What is "Your recent purchase won't be reflected in your balance until your card is used on a bus or train."? On my Go-To card when I ordered stored value refills. I ordered a $40 refill ($44 value) with my debity card at Metro Transit online. I'll enjoy using Go-To card on Metro Transit buses, Hiawatha Line light rail and Northstar commuter rail in Minneapolis.

Answer: It means that if you don't put your card to use, you won't be charged the $40. The transaction will remain as pending till you use it for travel.