Some retailers aren’t relying on laws or the government to cut down on ORC. Giant retailers are putting some rules and initiatives into place to make sure their company doesn’t lose money this Holiday Season.
For instance, according to Reuters, Walmart, Target and Best Buy are all making changes to their gift card policy.
Now there are limits on how much money you can put on a gift card, and what you can buy with a gift card. As an example, these big box retailers won’t allow you to buy gift cards with a gift card. This small change alone is likely to decrease large amounts of fraud for these retailers.
As you are doing your Holiday shopping this season, be sure to check each individual gift card policy wherever you get them.
