Is "PAYPAL DES:INST XFER ID:BEENVERIFIE INDN:ACME LLC " fraud?

Written by Ethan Patel

June 18th, 2024

Medium Risk

What is "PAYPAL DES:INST XFER ID:BEENVERIFIE INDN:ACME LLC "?

BeenVerified is a company that has been in business since 2007. It provides an array of background check and public record services to individuals. Users can access detailed reports that include information such as criminal records, contact information, and property records. The company also offers a mobile application to facilitate easy access to its services.

PAYPAL: Payment service provider

DES: Description (indicating the nature of the transfer)

INST XFER: Instant Transfer

ID: BEENVERIFIE

INDN: ACME LLC

CO ID: PAYPALSI77

WEB: Method of transaction (Web-based)

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.