Is "Web Authorized Pmt Qapital" fraud?

Written by Caleb Martin

June 18th, 2024

Medium Risk

What is "Web Authorized Pmt Qapital"?

Qapital is a financial services company that was founded in 2013. The company offers a variety of products centered around personal finance management. These products include mobile and web applications designed to help users manage their savings and spending. Qapital provides tools for goal-based savings, budgeting, and investing. The company also offers banking services through its integration with partner banks.

  • Web: Indicates the transaction type was conducted over the internet.
  • Authorized: Confirms that permission was granted for the transaction.
  • Pmt: Abbreviation for "Payment."
  • Qapital: The name of the payee or the service facilitating the transaction.

    • 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 Qapital
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