![]() ![]() Here’s why this is a problem:ġ) YOU buy something from a vendor using your DEBIT card that is not linked to a PayPal account, HOWEVER the vendor accepts payments via PayPal. ![]() Everyone is so quick to ASSUME that a charge is fraudulent just because you don’t recognize it. It shouldn’t take long but it will save you money!įirst, everyone needs to take a breath. If you want to avoid this and other pitfalls, get used to checking all transactions on your CC every month. Either way all I need to do is notify my bank within 30 days of the transaction and I get the money back! I got it in 2 today. It seems that this phone number has a large amount of clients associated with them which is a huge red flag for me! What is most concerning is that my bank didn’t catch this despite all of the “precautions” I have placed on the account. The company Xoom is not anything I would use today. I remember numbers so this was an easy catch. Reading all of the stories I was also “skeptical” of the individuals who “forgot” a transaction. ![]() Considering all of the business done online it is easy for this to happen. Yes it is a pain in the butt but I did get my money back. I had to cancel my card and keep an eye on my bank account. Someone had gotten my numbers from my Debit card and tried to make a transaction. Second I called my back and asked how they got access. I called PAypal looking for help and they couldnt help me as it did not come from my Paypal account. It is not based in the US but is owned by Paypal. All was on my business account and I had to figure out how to correct this.įirst Xoom is a money transfer company for spanish speaking individuals according to their website. It had NOTHING to do with my paypal account either. Yes Xoom is owned by Paypal however paypal has NOTHING to do with them. The company listed was Xoom in the debit transaction. ![]() Some of the information here is plain wrong but it helped. My bank was closed but I immediatly searched the number to try and figure out what it was. I noticed a charge on Friday night for $985.99. You may also find it reassuring to know that, as the overwhelming majority of comments below demonstrate, you’re not alone in having been concerned, and the odds are very good that it’s a legitimate charge. the date and amount) on your bank statement, by all means you should contact your bank, as it’s still possible that it is a fraudulent charge. Now, all that said, if you don’t have a Paypal account, or have not used it during the time that the transaction occurred, and you also don’t recall making a purchase that correlates to that entry (i.e. But that’s what that charge with the phone number 40 is. We agree that they do a poor job of making that clear (and to be fair, it may be out of their hands in terms of how it shows up on your statement). If you don’t have a Paypal account, then the odds are very good that the charge that reads something to do with Paypal, and that has the phone number 40 associated with it, is a charge from that vendor or merchant who uses Paypal to run their own charges through. It is Paypal using your backup billing method to cover the shortfall because you don’t have enough in your Paypal account. If you do have a Paypal account, remember way back when, when you signed up for Paypal, and you had to provide a bank account or credit card as a backup billing method? That’s what that charge is. Your tips via CashApp, Venmo, or Paypal are appreciated! Receipts will come from ISIPP. The Internet Patrol is completely free, and reader-supported. (Relatedly, here’s how you can find and cancel all of the automatic payments that come out of your Paypal account.) This is also how it appears on your bank statement or credit card transactions when you do have a Paypal account, and when you pay for something via Paypal, or something is otherwise charged to your Paypal account (such as through an automatic transaction, or using your Paypal debit card, for example), and you don’t actually have enough in your Paypal account to cover the charge. You know that you either didn’t conduct such a transaction with your Paypal account – or maybe you don’t have a Paypal account at all! But it’s ok, because almost certainly what it means is that someone with whom you did business – such as a merchant, or a seller, or maybe an eBay vendor – does have a Paypal account, and they have run your transaction through their Paypal account, even if you don’t have your own Paypal account. You would think that by now Paypal would have gotten the message, but hey, they didn’t ask us.) (Note: This article was first written more than 10 years ago, and people are still finding mystery charges associated with the phone number 40. ![]()
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