Is "POS Withdrawal (FIS) GOFUNDM 123 MAIN St(7338)" fraud?

Written by Julian Sanchez

June 18th, 2024

Medium Risk

What is "POS Withdrawal (FIS) GOFUNDM 123 MAIN St(7338)"?

GoFundMe has been in business since it was founded in 2010. The company provides an online platform primarily for crowdfunding, allowing individuals to raise money for a variety of needs and causes. Users can create campaigns to fund medical expenses, education costs, charitable projects, emergencies, and personal financial challenges. The platform operates by enabling others to contribute monetary donations to support these campaigns.

  • POS Withdrawal: Point of Sale transaction
  • (FIS): Financial Institution Services
  • GOFUNDM: Merchant name (GoFundMe)
  • 123 MAIN St: Merchant address
  • (7338): Transaction identifier code or terminal number

    • 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
    Transaction codes from GoFundMe
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