Published on November 24th, 2019 | by Chuck5
Stop&Shop to Limit Select Gift Card Purchases to $500/Txn (Best Buy, iTunes, Google, Gamestop)
Stop&Shop will introduce to their POS systems a $500 limit per transaction on select retailer gift cards beginning December 2, 2019. The following brands will be affected: Best Buy, iTunes, Google Play, GameStop.
A few notes:
- The wording on top of the memo (not shown here) “All Stores” indicates these limits will affect all Stop&Shop locations.
- I’m unsure if Giant and Martin’s will make these limitations as well.
- Looks like even lower amounts may require manager override.
- Sounds like each gift card brand gets its own $500 limit.
It’s still possible to check out $500 per transaction, and repeat multiple times, but the implication is that the cashiers are not supposed to allow this, so it’ll be the standard YMMV. Regardless, it’s obviously a pain.
Best Buy, especially, is interesting to a lot of resellers. Other retailers who sell Best Buy gift cards also have these $500 limits as well. Best Buy is worried about Victim Assisted Fraud, according to the memo.
Thanks to my friend Jay for tipping me off to this