Is "WITHDRAWAL ACH PAYPAL TYPE: INST XFER CO: PAYPAL N" fraud?

Written by Julian Sanchez

June 18th, 2024

Medium Risk

What is "WITHDRAWAL ACH PAYPAL TYPE: INST XFER CO: PAYPAL N"?

Nothing Beats is a company that has been in business since 2017. The company specializes in providing a range of retail products that include outdoor and sports equipment, such as camping gear, hiking accessories, and fitness products. They also offer a selection of apparel catering to outdoor and sporting activities. Their online platform allows for direct purchases from their catalog. The company's target market consists of outdoor enthusiasts and athletes seeking reliable equipment and clothing.

  • WITHDRAWAL: Type of transaction (funds being taken out of the account)
  • ACH: Automated Clearing House network transaction
  • PAYPAL: The company initiating the transaction
  • TYPE: INST XFER
  • CO: PAYPAL
  • NAME: JOHN DOE
  • ENTRY CLASS CODE: WEB
  • ACH TRACE NUMBER: 021000020194729

    • 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 Nothing Beats
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