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Is "Electronic Withdrawal PwP AMZN / Mktp U - Privacyc" fraud?

Written by Jemina Owen-Jones

April 18th, 2024

About "Electronic Withdrawal PwP AMZN / Mktp U - Privacyc"

Amazon is a multinational e-commerce company that was founded in 1994. It offers a wide range of retail products, including electronics, books, clothing, home goods, and more. Amazon has an extensive online platform and operates various marketplaces worldwide.
  • Electronic Withdrawal: The transaction was made electronically, without the involvement of physical cash or paper checks.
  • PwP: This could stand for "Pay with Privacy" or it may indicate a specific payment method used for the transaction.
  • AMZN / Mktp U: The transaction was made through the Amazon Marketplace (AMZN) and the "Mktp U" refers to the specific seller or entity within the marketplace.
  • Privacycom: This indicates that the transaction was processed using the Privacy.com service, which provides virtual credit card numbers for enhanced privacy and security during online purchases.

    • Find & fight fraud from anywhere

    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 Amazon.
    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.
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