Metrolinx is warning the public about a scam involving the Presto fare card.
The regional transit agency says it has been hearing about customers losing hefty amounts of money when trying to buy a used card from a reseller.
Metrolinx spokeswoman Anne Marie Aikins says the scam involves a person buying a Presto card, loading it with as much as $500 and then offering it for sale at a discount, under the guise of it no longer being needed.
The seller typically meets a prospective buyer at a transit station and uses one of the verification machines to show that the money is indeed loaded on the card.
But what the buyer doesn’t realize is that the card has been reported stolen thereby freezing the funds.
Aikins is advising that you “Only buy from an authorized retailer.”