Is "POINT OF SALE DEBIT / INVOICESIMPLE 123 MAIN St 8D" fraud?

Written by Julian Sanchez

June 18th, 2024

Medium Risk

What is "POINT OF SALE DEBIT / INVOICESIMPLE 123 MAIN St 8D"?

Invoice Simple is a company that specializes in invoicing and billing software. The business has been operational for several years, having developed a platform that caters to small businesses and freelancers. The software provided by Invoice Simple allows users to create and send invoices, estimates, and receipts. It also includes features for tracking payments and managing client information. The company offers its services through a mobile app and a web-based application, aiming to facilitate straightforward financial transactions for its users.

POINT OF SALE DEBIT: Transaction type (the transaction was made through a point of sale terminal)

INVOICESIMPLE: Merchant name (the company or shop where the transaction took place)

123 MAIN St: Merchant address (location of the merchant)

8DVRUJ: Unique transaction identifier (a code to uniquely identify the transaction in the banking system)

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.