Is "PAYPAL/INST XFER MICROSOFT L SALTERBERG" fraud?

Written by Piper Hall

June 18th, 2024

Medium Risk

What is "PAYPAL/INST XFER MICROSOFT L SALTERBERG"?

Microsoft Corporation was founded on April 4, 1975. It is known globally for manufacturing, licensing, supporting, and selling computer software, consumer electronics, personal computers, and related services. Some of its most renowned retail products include the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Microsoft also produces a range of hardware products such as the various models of the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers.'

  • PAYPAL: The payment method used for the transaction.
  • INST XFER: Instant transfer.
  • MICROSOFT L: The recipient of the payment is Microsoft Corporation.
  • SALTERBERG: The person or entity who initiated the transfer, possibly the account holder's name or an internal code.

    • 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.

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