Is "PAYPAL INST XFER TIKTOK SHOP WEB ID: PAYPALSI77" fraud?

Written by Caleb Martin

June 18th, 2024

Medium Risk

What is "PAYPAL INST XFER TIKTOK SHOP WEB ID: PAYPALSI77"?

TikTok, launched in September 2016, is a social media platform developed by the Chinese company ByteDance. Initially introduced under the name Douyin in China, the app was rebranded as TikTok for the international market in 2018. TikTok specializes in short-form video content, allowing users to create, share, and view videos typically ranging from 15 seconds to three minutes. The platform also offers various video editing tools, filters, and a music library to enhance user-generated content. TikTok has expanded its functionality to include advertising options for businesses and provides a marketplace for purchasing branded merchandise directly through the app.

  • PAYPAL: Payment service used for transaction
  • INST XFER: Instant Transfer
  • TIKTOK SHOP: Merchant or Service where the purchase was made
  • WEB ID: PAYPALSI77
  • 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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