Is "ELECTRONIC PMT-WEB, GEMINI TGH95IEGN PAYMENTS 8418" fraud?

Written by Julian Sanchez

June 18th, 2024

Medium Risk

What is "ELECTRONIC PMT-WEB, GEMINI TGH95IEGN PAYMENTS 8418"?

Gemini is a cryptocurrency exchange and custodian founded in 2014. The company facilitates the buying, selling, and storing of various digital assets, including Bitcoin, Ethereum, and other cryptocurrencies. Gemini offers retail products such as a cryptocurrency trading platform, a mobile trading app, and a secure storage solution. The exchange provides services for both individual investors and institutional clients. In addition to trading, Gemini also supports USD-based accounts and offers educational resources about cryptocurrencies and blockchain technology.

ELECTRONIC PMT: Electronic payment

WEB: Transaction initiated via the web

GEMINI: Merchant or service provider name

TGH95IEGN: Unique transaction identifier

PAYMENTS: Transaction type, likely indicating the nature of the transaction

8418V3E: Additional authentication or tracking information

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.