Is "POS W/D XXXX SCOTCHMAN /" fraud?

Written by Gavin Brooks

June 18th, 2024

Medium Risk

About "POS W/D XXXX SCOTCHMAN /"

Scotchman has been in business since its founding in 1969. The company operates a chain of convenience stores that offer a variety of retail products. These products include fuel, snacks, beverages, groceries, and household items. Additionally, Scotchman stores provide lottery tickets, tobacco products, and prepared foods. The company is part of the GPM Investments, LLC network, which is a subsidiary of ARKO Corp.
  • POS: Point of Sale
  • W/D: Withdrawal
  • XXXX: Transaction ID (specific to the transaction)
  • SCOTCHMAN: Merchant or business name
  • 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

    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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