Is "PINCH A PENNY" fraud?

Written by Ava Morales

June 18th, 2024

Medium Risk

What is "PINCH A PENNY"?

Water is a company that specializes in providing various types of water and water-related products. The company has been in business for a number of years, establishing itself as a reliable source in the water retail market. Water offers a range of products including bottled water, water filtration systems, various sizes of water containers, and water coolers. They cater to both individual consumers and businesses with an assortment of options to meet different hydration needs. Their services typically include home and office delivery, as well as in-store purchases depending on their retail model.

  • PINCH: This part of the code may represent the name of the company or entity involved in the transaction.
  • A: This part may represent a specific identifier related to the transaction within the system.
  • PENNY: This part could be additional information related to the transaction, possibly indicating the type of service or product purchased.

    • 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 Water
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