Is "PAYPAL DES:INST XFER ID:IPSY INDN:JOHN DOE CO ID:" fraud?

Written by Ava Morales

June 18th, 2024

Medium Risk

What is "PAYPAL DES:INST XFER ID:IPSY INDN:JOHN DOE CO ID:"?

Ipsy has been in business since 2011. The company provides a subscription service that includes samples of beauty and personal care products. The range of products includes skincare items, makeup, haircare products, and various beauty tools. Subscribers receive a new set of curated products each month, tailored to their individual beauty preferences.

PAYPAL: Payment service provider

DES: INST XFER

ID: IPSY

INDN: JOHN DOE

CO ID: PAYPALSI77

WEB: Transaction was processed via the web (online)

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.