Business Bank On Staten Island Advises Caution When Buying Gift Cards on Auction Websites


Business Bank On Staten Island Advises Caution When Buying Gift Cards on Auction Websites


Shopping online is convenient, but don’t forget about the risks.

Victory State Bank is urging consumers to proceed with caution when purchasing any new product or gift card on an auction- or classified-advertisement site where the price is significantly lower than any sale prices in retail outlets.

According to a warning issued by the FBI and Internet Crime Complaint Center (IC3), many of these sellers, especially for gift cards and tickets have purchased these items with a stolen credit card.

Most likely, the gift card or ticket will be deactivated by the time the recipient uses the card or ticket.

Never provide credit card numbers, bank account information, personally identifiable information or wire money to a person who advertises items on these sites at a too good to be true price.

Many times, fraudsters will post a popular item to obtain this information, and the goods will never be mailed, but your card or identity will be used fraudulently later. If you make a purchase from these sites, we encourage you to check a seller’s ratings and feedback to ensure he or she is reputable.



About Victory State Bank

VSB Bancorp, Inc. (OTCQB: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank.  For additional information, Victory State Bank may be reached at 718-979-1100 or visited online at

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