Is "PAYPAL DES:INST XFER ID:TEACHERSPAY INDN:JOHN DOE " fraud?

Written by Julian Sanchez

June 18th, 2024

Medium Risk

What is "PAYPAL DES:INST XFER ID:TEACHERSPAY INDN:JOHN DOE "?

Teachers Pay Teachers (TPT) has been in business since 2006. It is an online marketplace that enables educators to buy, sell, and share original teaching resources. The platform offers a range of products including lesson plans, educational videos, assessments, and printable activities. It serves teachers across various subjects and grade levels, from pre-kindergarten through 12th grade. The resources available on TPT cater to diverse educational needs and teaching styles.

DES: INST XFER

Description of the transaction type (Institution Transfer):

ID: TEACHERSPAY

Identifier related to the reason or party for the transfer (TeachersPay):

INDN: JOHN DOE

Intended final recipient's name (John Doe):

CO ID: PAYPALSI77

Company Identification Number (PayPalSI77):

WEB :

Method of the transaction (Web):

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.