BBB Scam Alert: Watch out for fake coupons on social media

Oct 31, 2024 · How to avoid coupon scams. Don’t fall for deals that are too good to be true. Be skeptical. If a coupon is valued near or above the retail price of an item, consider it a red flag.

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How To Spot A Fake: Email And Social Media “Deal” Scams Edition

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May 15, 2024 · Based on RetailMeNot’s research, signup discounts usually offer 10% to 15% off a purchase or maybe a $10 promo code. NOT a $100+ physical product. Don’t Go Off-Platform. …

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FAQs about BBB Scam Alert: Watch out for fake coupons on social media Coupon?

Are promo codes a scam?

She warns that any time money is exchanged, there's the potential for fraud, and promo codes are no exception. These scams tend to hit brands and retailers the hardest, but they also can put consumers' personal information at risk. Here's what you need to know to protect yourself from online promo code scams. What Is Coupon Fraud? ...

Are there fake coupon scams online?

Because more coupons are going digital, fake coupon scams are frequently found online as well. You may have seen them on your Facebook and Twitter feeds. ...

How many people are victimized by coupon scams?

It's unclear how many are victimized by coupon fraud. The Better Business Bureau® warns against coupon scams targeting consumers on social media, which means coupon scams are common enough to warrant an alert. So, the public should know the signs of coupon scams to avoid losing money and even their identity to bad actors. ...

How do coupon scams make money?

The scammers make money by failing to deliver on their promised salary or commission for the employees, sending the clipped coupons to manufacturers for redemption, and asking for membership, supply, and processing fees. Because more coupons are going digital, fake coupon scams are frequently found online as well. ...

How do you prevent a coupon from being scammed?

Scammers use spam emails to spread fraudulent coupons and steal personal information. Instead of clicking on links, visit the retailer's website directly to find the offer. Never provide personal or financial information. Don’t share personal information or pay for a coupon. Use security software. ...

How do retailers commit coupon fraud?

Retailers themselves can commit coupon fraud by seeking reimbursement from manufacturers for coupons that were not redeemed by customers or coupons for products the retailers haven’t sold. To make things worse for the coupon industry, several scams revolve around coupons. ...