Is "CASHNETUSA 6 CASHADVANC PPD ID: 204956150P" fraud?

Written by Lily Tran

June 18th, 2024

Medium Risk


CashNetUSA is a financial services company that has been in operation since 2004. The company specializes in providing short-term loans and other financial products aimed at helping individuals with their immediate cash flow needs. CashNetUSA offers payday loans, installment loans, and lines of credit. The company provides its services primarily through an online platform, allowing customers to apply for and manage their loans via the internet. CashNetUSA operates across multiple states in the United States.
  • CASHNETUSA: Payee name or merchant identifier
  • 6: Possible internal reference or transaction type code
  • CASHADVANC: Description of the transaction, which is a cash advance
  • PPD: Payment method code indicating a prearranged payment and deposit entry (often used for ACH transactions)
  • ID: Identification label for the account or transaction
  • 204956150P: Unique identifier for the transaction
  • 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.
    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 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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