Is "SAMS CLUB DES:PAYMENT ID:XXXXXXXXXX78883 INDN: XXX" fraud?
Written by Ethan Patel
June 18th, 2024
Medium Risk
What is "SAMS CLUB DES:PAYMENT ID:XXXXXXXXXX78883 INDN: XXX"?
Sam's Club, a membership-only retail warehouse club, is a division of Walmart Inc. Established in 1983, it has been in business for over three decades now. The company provides a broad range of products in its retail units including groceries, electronics, home goods, pharmacy, tyres, jewelry, among others. In addition to these, it also offers services such as financial and health services."
SAMS CLUB: The name of the recipient or payee of the transaction.
DES: Indicates that this transaction is a payment.
PAYMENT ID: The identification number of the payment made.
XXXXXXXXXX78883: The unique identifier or reference number for the transaction.
INDN: Stands for individual, suggesting the payment is made by an individual.
XXXXXXXXXX788830: The unique identifier or account number of the individual making the payment.
CO ID: Stands for company identification, indicating the company associated with the transaction.
XXXXX42001: The unique identifier or code for the company associated with the transaction.
WEB: Indicates that the transaction was conducted online or through a web platform.
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.