Green Dot Money Pak

After hearing from several customers and visitors of Today-Liquidation.com, it seems that the Green Dot MoneyPak is a part of the problem. I’m usually not one to take sides, but the Green Dot MoneyPak seems to benefit the merchants far more than the buyers.

Based on reviews and information I’ve read about the MoneyPak, I recommend ONLY using it with the list of partners that accept MoneyPak. Most horror stories seem to surround merchants who are not directly affiliated with Green Dot MoneyPak.

I can’t find any benefit to buying a MoneyPak versus other payment methods. Credit cards have buyer protection, and even PayPal has a chargeback policy that favors the purchaser. (hence why some businesses only accept MoneyPak instead of taking credit cards or PayPal)

If you’ve had a good experience with a Green Dot MoneyPak, I’d love to hear from you. And if you think MoneyPak is a scam or have a horror story to share, please leave a comment and help spread the word.

*** Update ***

The Better Business Bureau (BBB) is aware of scammers using GreenDot MoneyPaks to steal your money. Here’s an excerpt of an article about it on the BBB website. (Read the full article on the BBB website.)

The BBB says the public should be very cautious when using a Green Dot MoneyPak to pay an unfamiliar company or individual. Anyone who requires an upfront payment with a Green Dot MoneyPak is very possibly operating a scam.

Nationally, BBBs have received numerous complaints from consumers who say they were scammed by fake companies requiring online payments through Green Dot MoneyPaks.

I also found the BBB site for Green Dot Corporation in Monrovia, California. (Los Angeles BBB) Follow this link to learn more about Green Dot or to file a complaint. Somehow they still have an A+ rating, even though they have an average of 1-star rating by 68 users and have nearly 914 complaints filed. (as of 5/16/2011) *If we get them over 1,000 complaints, maybe they’ll finally lose their A+ status?

(I know it sounds like self-promotion, but please share this page with whoever you can to help get the word out.)