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Is "PAYPAL DES:INST XFER ID:ETSY INC INDN:CO ID:PAYPAL" fraud?

Written by Jemina Owen-Jones

April 18th, 2024

About "PAYPAL DES:INST XFER ID:ETSY INC INDN:CO ID:PAYPAL"

Etsy is an e-commerce platform that has been in business since 2005. It is a marketplace where individuals and small businesses can sell handmade and vintage items, as well as art, craft supplies, and unique factory-manufactured products. Etsy has a wide range of retail products available, including clothing, jewelry, home decor, accessories, and personalized gifts.
  • DES:INST XFER: This indicates that the transaction was initiated as an instant transfer.
  • ID:ETSY INC: This represents the recipient or the receiver of the transaction, which in this case is Etsy Inc.
  • INDN:CO: This refers to the individual or company associated with the transaction.
  • ID:PAYPALSI77: This is an identification code assigned to the transaction by PayPal.
  • WEB: This suggests that the transaction was conducted online or through a web-based platform.

    • 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 Etsy.
    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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