Is "PAYPAL INST XFER PYPL PAYIN4 WEB ID: PAYPALSI77" fraud?

Written by Ava Morales

June 18th, 2024

Medium Risk

What is "PAYPAL INST XFER PYPL PAYIN4 WEB ID: PAYPALSI77"?

PayPal Pay in 4 is a service offered by PayPal, which has been in business since 1998. This service allows customers to split their purchase into four interest-free installments. The product aims to provide a flexible payment option for PayPal users. PayPal itself acts as a payment facilitator and is known for its diverse range of financial services, including online payment systems, credit services, and other financial transactions. PayPal Pay in 4 is one of several financing and payment solutions provided by the company to enhance user convenience during online purchases.

PAYPAL: Payment service provider

INST: Instant transfer

XFER: Transfer

PYPL: PayPal reference

PAYIN4: PayPal installment plan "Pay in 4"

WEB: Online transaction

ID: PAYPALSI77

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.