Wal-Mart Gift Card Scam: Buyer Beware!

The biggest target so far is the nation's largest retailer: Wal-Mart.

Wal-Mart won't say much, but police are investigating and if you use gift cards, you need to know about this.  Several customers have purchased the Shopping Cards, as Wal-Mart calls them, and have had the balances drained before they were able to be used.

Wal-Mart has publicly acknowledged the scam, but will not discuss details due to security reasons.  The extent of the problem is unknown but seems to be so far limited to only a few stores.

Wal-Mart says if you learn your card has been hit, you should have no problem getting your money back as long as you have the receipt to verify the transaction. The receipts record the date, time and code number of the card transaction, as well as codes showing where the cards were both purchased and redeemed.