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Is "AUTOMATIC WITHDRAWAL, PAYPAL EBAY 800-456-32 INST " fraud?

Written by Jemina Owen-Jones

May 18th, 2024

About "AUTOMATIC WITHDRAWAL, PAYPAL EBAY 800-456-32 INST "

eBay Inc. was established in 1995. It is a multinational corporation that facilitates consumer-to-consumer and business-to-consumer sales through its online platform. It is recognized for its wide and diverse array of products including but not limited to electronics, cars, clothes, collectibles, sporting goods, digital cameras, baby items, and everything else. eBay has stood the test of time, serving millions of customers worldwide for over 25 years.\n'
  • AUTOMATIC WITHDRAWAL: Indicates that the transaction was an automatic withdrawal
  • PAYPAL EBAY 800-456-32: Specifies the recipient of the payment, in this case, PayPal for eBay
  • INST XFER: Indicates that the transfer was done instantly
  • WEB (S): Suggests that the transfer was done online
  • 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 eBay.
    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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