Scammers Now Accept Prepaid Cards

What's Hot


How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

8 Creative Ways to Clear ClutterAround The House

Study: People Who Curse Are More HonestFamily

This Free Software Brings Old Laptops Back to LifeMore

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

The 3 Golden Rules of Lending to Friends and FamilyBorrow

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

Porta-Potties for Presidential Inauguration Cause a StinkFamily

Protecting Trump Will Cost Taxpayers $35 MillionFamily

Tax Hacks 2017: Don’t Miss These 16 Often-Overlooked Tax BreaksTaxes

5 New Year’s Resolutions That Will Pay Off 10 Years From NowCollege

10 Simple Money Moves to Make Before the New YearFamily

The ripoffs are the same old deal, but now MoneyPak is an acceptable method to part you from your money.

Your neighborhood criminal may have a new payment option available, NBC News says. Just in case you’re looking for a new way to get cheated.

The scam they describe is nothing new – you’ve won the lottery! Just pay the fees and we’ll send your winnings! – but now you can pay in installments at Walmart. (Or any other store that sells Green Dot MoneyPaks.) Isn’t this exciting?

The nice thing for criminals about MoneyPaks is that there’s no way to get the money back once it’s transferred. There’s a warning right on the package when you buy it:

Use your MoneyPak number only with businesses listed at www.moneypack.com. If anyone else asks you for your MoneyPak number, it’s probably a scam. If a criminal gets your money, Green Dot is not responsible to pay you back.

And yet people still buy them, load them up with cash, and hand over the access PIN to someone who promises they’re going to provide something. Last year, one man lost his life savings of $41,000 this way.

If somebody says you’ve won the lottery and you owe fees, tell them to take them from your winnings or let you worry about paying the tax authorities. And if you don’t know the person or company you’re paying, be wary of payment methods where you don’t have much, if any, protection: wire transfers, prepaid cards, and basically anything that’s as good as cash.

If you haven’t seen it yet, be sure to check out Foreign Lotteries: The Contest You Can’t Win

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: How the Trump Tax Plan Will Affect You

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,828 more deals!