Is "External Withdrawal PwP / Microsoft*S - Privacycom" fraud?

Written by Jemina Owen-Jones

April 18th, 2024

About "**External Withdrawal PwP / Microsoft*S - Privacycom**"

Microsoft is a multinational technology company that has been in business since 1975. It provides a wide range of retail products, including software, hardware, and online services. Microsoft is best known for its operating systems such as Windows, as well as productivity software like Microsoft Office. The company also offers cloud services, gaming consoles, and various other consumer electronics products.

External Withdrawal: This indicates that the transaction is a withdrawal made from the user's bank account to an external source.

PwP: This acronym stands for "Payment with Purchase." It suggests that the withdrawal was made for a specific purchase or payment.

Microsoft*S: This refers to the merchant or service provider involved in the transaction. In this case, it is Microsoft.

Privacycom: This implies that the payment was processed through the service of Privacy.com, which provides virtual card numbers for online transactions to protect privacy and security.

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 Microsoft.

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.