What is pp* on credit card statement?

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Some charges will come through as an alternative trading name for the company or list the location where the company is headquartered, rather than the location of your purchase.

Also, the naming conventions that try to offer clarification may be more challenging for some vendors. According to Visa’s Merchant Data Standards, the name must convey both the name most prominently displayed by the merchant and the merchant’s “Doing Business As” (DBA) name. While the chosen name may make sense at the moment of purchase, when your bill arrives 28 days later, that food truck purchase at Señor Burrito can show up on your statement as parent company ABC Incorporated.

Another issue is that transaction data is limited to 25 characters. For most merchants this length should be sufficient, but when it’s not, some interesting abbreviations come into play. Some transactions may also require that supplemental data is included in those 25 characters. Sometimes, websites that redirect you to a different payment processor may include a combination of both companies. For example, you may have noticed that DoorDash charges appear on your statement with the name of the restaurant. While both of these names help contextualize your order, not all purchases are that clear.

A quick online search of the merchant’s name exactly as it appears on your statement will likely generate some clarity. Chances are good that if you didn’t recognize a transaction, others had a similar experience. You can often find enough information from an online search to identify the merchant in question, including their phone number.

If you still need more information, log into your account. Some credit card providers offer additional information online or within their apps. Chase, for instance, offers expanded merchant details on the transaction line within your recent activity. You may find the website and phone number of the merchant.

While you’re reviewing your statement, check the category assigned to the charge. A $4 transaction titled simply “Wagon Road” may not make sense, but in conjunction with the category of “Travel” could remind you that it was for a parking garage.

Often the most challenging element of identifying a purchase is due to the amount of time that’s lapsed since you made the charge. Look at the other transactions from that same date and check to see what else you did on that day. You may be able to identify the purchase by putting it in the context of your own schedule.

Check with any authorized users on the account to see if they made the purchase. Ask if there’s anyone in your household who may have borrowed your card. Life is busy, they may have even asked for permission and you forgot the conversation. The purchase could be an accident as well. If you share a computer or ordered items on a website before, your payment information may be saved as the default payment method.

If you’re still stumped, reach out to the merchant by phone. Some cards include the merchant phone number right on the transaction line of your statement. To save room, the hyphens are often removed, so it may simply appear to be a string of 10 numbers.

Similar to the online search, if you’re confused by the merchant name, it’s likely people have called before. Mention that you do recognize the purchase on your card statement and ask if they can tell you more about their company and what they sell.

If you don’t see a phone number on your bill, call the number on the back of your card and ask them for help getting contact information for a particular merchant.

The Fair Credit Billing Act protects you against unauthorized charges and billing errors. Depending on which issue you have, your first step may be different.

If you were double billed or you suspect a math error, contact the merchant directly and explain the issue. In many cases, the merchant can correct the mistake on their end. If they can, your problem will be resolved much more quickly.

If the merchant is unwilling to correct the issue, you can reach out to your card provider for additional support.

If you still don’t recognize the charge after investigation or if you identified a fraudulent charge, contact your card provider to request a chargeback and begin the dispute process. You can initiate a transaction dispute online or by calling the phone number on the back of your card.

For most card providers, this action will be enough, although you will need to provide additional information and may be asked for supporting documentation. The Federal Trade Commission also recommends providing a written letter disputing the charge to cover your bases.

That said, all major card companies offer zero liability protection for unauthorized charges, so you can rest at ease.

It’s not only useful for budgeting, but if you have a record of all your spending you can easily reference what you bought on a given day. This can save you a lot of time and hassle the next time you don’t recognize a purchase.

If your card was accessed by someone you know, without your permission, take a few extra steps to protect your card information. Remove your credit card info from any electronic wallets like Apple Pay, Google Pay or Samsung Pay. Change your password for online payment processors or remove your card as a saved payment method

If you choose to remove an authorized user, you can call the number of the back of your card and initiate that process.

It’s a good idea to review the transaction history on your statement each month. In most cases, you have 60 days from the date of the bill to report fraudulent activity. Reading your credit card bill each month will ensure you catch any mistakes right away.

A part of your total credit limit is given to you as a cash limit. This is the amount you can directly withdraw from the ATM using your credit card. Cash withdrawal or cash advance is quite a costly transaction as it entails fees as high as 2.5% of the amount withdrawn. Moreover, what many of you do not know is that interest is charged on cash advances right from the day of making the transaction; the interest-free period does not apply for credit card cash withdrawals.

The table given below shows cash advance fee on some popular credit cards-

Suggested Read: Reasons Why You Should Avoid Credit Card Cash Advance

Depending on your credit card type, you may or may not be allowed to spend over the limit assigned to you. Banks do not allow this for free- they charge a hefty amount as the over-limit fee for such transactions. For most of the banks, a minimum of Rs. 500 is charged but it also depends on the amount by which you have crossed your credit limit.

If you are not able to pay the entire outstanding amount on your credit card, banks give you the option of paying a minimum amount. In case you cannot afford to pay even the minimum amount, the bank will levy a late payment fee. A flat amount is charged on the basis of your statement balance. For example, let us look at the late payment fee applicable on HDFC Bank Credit Cards–

The Annual Percentage Rate (APR) charged on your credit card also affects your bills, especially when you are carrying an overdue amount. This is the reason why maintaining credit cards can be difficult because the credit card interest rates are the highest compared to other types of loans. But this is only applicable when you do not pay the total outstanding amount. For example, if the total amount payable for the month is Rs. 15,000 and you choose to pay only Rs. 5,000, the balance amount (i.e. Rs.10,000) would attract interest generally ranging from 33-42% annually.

All credit card transactions will be taxed as per the prevailing rates in the country so you should also consider the same. GST is levied on the annual fee, interest payments and processing fees on EMIs (currently at the rate of 18%).

Although credit card issuers promote that their cards are globally accepted but they never reveal that there will be extra fees for foreign transactions which is known as foreign currency mark-up fee. The fee may differ from one card to another and is usually charged as a percentage of the transaction amount. Let us understand this with the help of an example.

Suppose you spend US $30 on a certain item through your credit card. This amount will be converted by the bank into INR as per the exchange rate of the day and will then be charged with mark-up fee on the amount. Now, let’s assume the exchange is US $1 = Rs. 60, then the transaction amount will be Rs. 1,800. If a mark-up fee of 2% is charged on it, it will be Rs. 36 plus 18% GST which equals to Rs. 6.48. So, the total value of the transaction will be Rs. 1,842.48.

My credit card statement list my charges for the month, listed my date. The description shows the vendor name and amount. Some of my descriptions show "PP*

Sometimes, the ZIP code is also included. This address is the headquarters of PayPal and is shown on your credit card or bank statement

I've had something similar pop up in my bank statement (PP*_insert company name_) and I then realised it was a PayPal card reader that a"" ·" : "As no one has replied to this... I've had something similar pop up in my bank statement (PP*_insert company name_) and I then realised it was a PayPal"Solved: Credit Card Charge - PayPal Community""Statement showing random "Bank Deposit to PP Accou""Mystery PP merchant charge - PayPal Community""Mystery PP payment taken from Santander A/C - PayPal

You've probably seen a transaction you didn't recognize on your credit card statement and wondered, 'What the heck is that?' If you later

For PayPal accounts, the statement text looks like this:

PAYPAL *YourBusinessName

The portion after the asterisk (*) is what you need to find and supply when creating the payment method in OwnerRez.  In the above example, that's the portion "YourBusinessName".

To find this, go to your PayPal account and login.  Find the Profile > Account Settings area.  It might look like this:

Next select Business information, it might look like this:

After you've entered the Business Information area, look for an Update button.  It might look something like this:

If you click the Update link, you will get a full page of information including your Credit Card statement name.  You can also click the Edit button to change that information.  It will look like this:

If you select the Edit button you can change the Credit Card statement name and click save.  It will look like this:

That bit of text needs to be copied into the PayPal payment method you create in OwnerRez.  Make sure to include the full statement text.  So if we use the example in the picture above, the full statement text would be:

PAYPAL *DELORESSMIL

We can't provide the code by email or phone. You can find your 4-digit PayPal code on your debit or credit card statement next to or near the charge amount.