Is "PAYPAL INST XFER PATREON INC ME WEB ID: PAYPALSI77" fraud?

Written by Lily Tran

June 18th, 2024

Medium Risk

What is "PAYPAL INST XFER PATREON INC ME WEB ID: PAYPALSI77"?

Patreon is a membership platform that was founded in 2013. The company enables artists and creators to earn a monthly income by providing rewards and perks to their subscribers. Retail products offered by creators on the platform include exclusive content, such as videos, podcasts, art, and educational materials. In addition to digital content, some creators offer physical merchandise and direct interaction opportunities, like one-on-one video calls and livestreams.

PAYPAL: Payment platform used

INST XFER: Instant Transfer

PATREON INC: Recipient/merchant name

ME: Likely a reference or abbreviation related to the transaction (e.g., a unique identifier or a service type)

WEB ID: A unique identifier for the transaction via the web

PAYPALSI77: Specific transaction identifier associated with PayPal

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.