Is "WITHDRAWAL ACH PAYPAL TYPE: ECHECK ID: PAYPALEC88 " fraud?

Written by Ethan Patel

June 18th, 2024

Medium Risk

What is "WITHDRAWAL ACH PAYPAL TYPE: ECHECK ID: PAYPALEC88 "?

Alison Lailey has been in business since 1985. The company offers a range of retail products, including apparel, home goods, and personal care items. They cater to both in-store and online shoppers, providing various categories such as men's and women's clothing, kitchenware, and skincare products. The company operates multiple retail locations and maintains a fully integrated e-commerce platform.

**WITHDRAWAL**: Indicates that the transaction is a withdrawal from the bank account.

**ACH**: Stands for Automated Clearing House, meaning the transaction was processed through the ACH network.

**PAYPAL**: The transaction was facilitated through PayPal.

**TYPE: ECHECK**

**ID: PAYPALEC88**

**CO: PAYPAL**

**NAME: JOHN DOE**

Verify if this transaction is fraud in 30 seconds

Verify With Receipt

The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for.

Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn't match.

STEP 1

Connect your Email

Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.

STEP 2

Connect Your Bank

Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.

STEP 3

Reconcile

Reconcile the charges reported by your financial institution against what you've recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.