Is "PAYOUT ETSY INC Paul Hale ACH CREDIT" fraud?

Written by Aiden Lee

June 18th, 2024

Medium Risk

What is "PAYOUT ETSY INC Paul Hale ACH CREDIT"?

Etsy was established in 2005 and is based in Brooklyn, New York. It operates as an e-commerce website focusing primarily on handmade or vintage items, craft supplies, and unique goods. Products available on Etsy encompass a broad range including art, photography, clothing, jewelry, food, bath and beauty products, toys, home decor, and more. Etsy also offers a platform for artisans to sell their craft supplies directly.'

PAYOUT: Indicates that a payment or transfer has been made.

ETSY INC: The recipient of the payment is Etsy Inc, a company.

Paul Hale: The payment is associated with Paul Hale, potentially the account holder.

ACH CREDIT: The payment was made through the Automated Clearing House (ACH) system, which is an electronic funds transfer system used in the United States.

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.