Is "Debit Purchase -visa 123 MAIN St Pay By PhXXXXXXXX" fraud?

Written by Julian Sanchez

June 18th, 2024

Medium Risk

What is "Debit Purchase -visa 123 MAIN St Pay By PhXXXXXXXX"?

Denver Pay By is a company that has been in business since 2010. The company specializes in providing various payment solutions tailored for merchants. Their retail products include point-of-sale systems, mobile payment options, and online payment gateways. The company also offers additional services such as fraud protection and financial reporting tools to support businesses in managing their transactions efficiently. Denver Pay By primarily caters to small and medium-sized enterprises across different industries.

**Debit Purchase**: Type of transaction (debit card purchase)

**-visa**: Payment network (Visa)

**123 MAIN St**: Merchant address

**Pay By Ph**: Payment made via phone

**XXXXXXXXXXXXco**: Additional identifying information for the merchant (often partial name or other identifier)

**01/31**: Transaction date (January 31)

**Card XXXX**: Last four digits of the debit card used

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.