ColinBlair
Mouseketeer
- Joined
- Oct 4, 2013
- Messages
- 173
I think the Starbucks situation is a good reminder that any time money is involved there is probably someone trying to take advantage. For example, someone asked recently why there were so many $2000 Target cards available on Raise. $2000 happens to be the daily limit at CVS Pharmacy and many other places on purchasing prepaid cards. The limit was put on the daily purchase to try and make it harder to launder money.
For example, person A sells drugs on the street and gets cash which is given to persons B-Z. Persons B-Z walk into various CVS pharmacies and use the cash to buy Target (etc.) gift cards. The gift cards are then sent back to the people in charge. Either the physical card is sent or just the numbers. Either way, gift cards are easy to transport and are not subject to seizure like cash is. I don't know if that is really the source of those $2000 cards on Raise, but I am happier buying many smaller cards that have obviously been used (i.e. not whole amounts) than one of the larger cards that have a higher chance of being dirty.
For example, person A sells drugs on the street and gets cash which is given to persons B-Z. Persons B-Z walk into various CVS pharmacies and use the cash to buy Target (etc.) gift cards. The gift cards are then sent back to the people in charge. Either the physical card is sent or just the numbers. Either way, gift cards are easy to transport and are not subject to seizure like cash is. I don't know if that is really the source of those $2000 cards on Raise, but I am happier buying many smaller cards that have obviously been used (i.e. not whole amounts) than one of the larger cards that have a higher chance of being dirty.