Is "WEB AUTHORIZED PMT AMAZON CORP" fraud?

Written by Gavin Brooks

June 18th, 2024

Medium Risk

What is "WEB AUTHORIZED PMT AMAZON CORP"?

Amazon has been operational since its founding in July 1994. The company's initial focus was on online book sales but has since expanded to a large variety of retail products. Among these are electronics, software, video games, apparel, furniture, food, toys, and jewelry. The growth of Amazon has also seen it venture into sectors like cloud computing services (Amazon Web Services), digital streaming (Amazon Prime Video), and artificial intelligence.\n"

  • WEB: Indicates that the transaction was made online.
  • AUTHORIZED: Confirms that the transaction was approved by the bank.
  • PMT: Represents a payment made.
  • AMAZON CORP: Specifies the recipient or the company associated with the transaction, in this case, Amazon Corporation.

    • 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.

    SimplyWise Community Comments

    Whitney Harrison

    This charge from WEB AUTHORIZED PMT AMAZON CORP on my statement is a total scam! Saw it on 6/15/2023 and I'm furious! #FraudulentCharge

    Garrett Sullivan

    That's strange, I had a similar charge on my statement recently. I'll keep an eye out for any updates. Thanks for sharing!

    Marta

    Just saw this on my statement. It is an arch payment, not debit. Have to close my account and open new one. Notify all merchants I do business with. Pain in the ass.

    Transaction codes from Amazon
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