If you’ve seen a charge on your bank or credit card statement labeled “AMAZON MKTPLACE PMTS AMZN.COM/BILL WA” and are unsure what it is, this post will explain its purpose.
We’ll clarify the company responsible, offer alternative transaction descriptions, and help you locate receipts to verify its legitimacy versus potential fraud.
Understanding Amazon and Amazon Marketplace
Amazon & Amazon Marketplace are distinct sections of Amazon’s business. While connected, each operates independently.
Amazon
The main online store owned and run by Amazon. It sells a vast array of products across different categories, managing its inventory and handling orders, customer service, and returns.
Amazon provides subscription services such as Amazon Prime, Music, Video, and Kindle. The company earns money from product sales, subscriptions, and other services it offers.
Amazon Marketplace
A section on Amazon where outside sellers can list and sell their products alongside Amazon’s own offerings. It lets individuals and businesses reach a broad audience without needing their own online stores.
Sellers can sell new or used items and choose their prices.
Amazon Marketplace manages payments and offers services like “Fulfillment by Amazon” for order processing.
Sellers pay fees such as referral fees and fulfillment fees if they use FBA. This expands Amazon.com’s range of products, making it a bigger online marketplace.
Amazon directly sells to customers, handles its inventory, and provides services and benefits. Amazon Marketplace allows outside sellers to list their products on Amazon’s site. Together, these parts make Amazon one of the biggest and most varied online marketplaces globally.
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Telling Amazon Statement Charges
When you check your credit card statement for Amazon charges, you might notice different descriptions depending on how the transaction was handled:
- AMAZON or Amazon.com: Used for purchases directly from Amazon’s website.
- AMZN: A shortened form commonly used by Amazon.
- AMZN Mktp US: Indicates purchases through Amazon Marketplace, where third-party sellers list their products on Amazon’s site.
- AMZN Digital: Used for digital purchases like e-books, music, movies, or software.
- AMZN Prime Memberships: Appears for Amazon Prime subscription fees.
- AWS: Used for charges related to Amazon Web Services (AWS) for cloud computing or hosting.
- AMZN Prime Video: Appears for charges related to Amazon’s Video streaming service.
- AMZN Fresh: Used for transactions from Amazon Fresh, the grocery delivery service.
- AMZN Kindle: Appears for charges linked to Kindle e-books or Kindle device purchases.
- AMZN Mktp CA: Amazon Marketplace purchases in Canada.
- AMZN Music: Used for transactions from Amazon Music, the music streaming service.
- AMZN Appstore: Purchases made on Amazon’s app store for Android.
- AMZN Digital Services: Signifies payment for digital services from Amazon, like subscriptions.
- AmazonSmile: Purchases that donate a portion to a chosen charity.
- AMZN Payments: Transactions related to payments.
Different descriptors may appear on your credit card statement, and these are just a few typical examples. If you’re unsure about a charge, you can check your Amazon account’s order history for more details or reach out to Amazon customer support. It’s also wise to regularly review your credit card statements to confirm all charges are accurate.
Track Spending More Effectively
Consider using a helpful tool like SimplyWise! Managing your credit card and bank statements can be challenging.
Such apps keep track of all your receipts and online transactions to give you a clear overview of your expenses in real-time.
Follow the steps below to better handle your finances:
- Get the SimplyWise app and link it to your Amazon account. View all your Amazon purchases instantly using the Amazon Connect option in the app. You can import as many transactions as you need into your SimplyWise account, perfect for regular Amazon shoppers.
- Link your bank account or credit card transactions securely with the app’s Reconciliation feature, using 256-bit. After connecting to SimplyWise, compare the transactions in the SimplyWise account with the bank or card statements.
Compare the charges from your bank with the transactions in your SimplyWise account.
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Detecting Fraud Fast!
SimplyWise compares your transactions with your bank or credit card spending and marks them as checked.
If your bank reports transactions that SimplyWise doesn’t recognize, they’ll be flagged with the alert symbol (!). If you don’t recognize these charges after reviewing them, contact your bank immediately!
