Counterfeit gift certificates (sometimes known as bonds) are manufactured to look like the genuine article.
Businesses provide the consumer with goods to the value of the gift certificate, only discovering later that the gift certificate was counterfeit and the genuine provider will not reimburse them.
Consumers may purchase counterfeit gift certificates unwittingly from fraudulent suppliers, only learning when they try to redeem them at the actual retailers that they are fake.
Protect yourself against counterfeit bonds fraud
- As a consumer, always purchase gift certificates directly from the retailer or through reputable suppliers.
- As a business, ensure that employees have up to date knowledge of which gift certificates you accept and what security features they should check.
If fraud has been committed, report it to Action Fraud.