Have you seen a confusing transaction on your bank or credit card statement labeled “AMAZON MKTPLACE PMTS AMZN.COM/BILL WA”?
This blog post will clarify what this charge is, explain the company behind it, list other possible descriptions, and help you locate the matching receipts. This will ensure the transaction is legitimate and not fraudulent.
Amazon Compared to Amazon Marketplace
Amazon and Amazon Marketplace are distinct sections of Amazon’s business. Although they are connected, each functions separately. The main differences between them are:
Amazon:
Amazon.com is Amazon’s main online store. It sells a vast range of products directly to customers from its own inventory. Amazon manages stock, shipping, customer support, and returns for these products.
Additionally, it offers services like Amazon Prime, Amazon Music, Amazon Video, and Amazon Kindle. Amazon earns money from product sales, subscription fees, and various other services.
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Amazon Marketplace:
Amazon Marketplace is a section of Amazon.com where third-party sellers can sell their products. This platform allows sellers to reach a large audience without needing their own online store. They can list both new and used items and set their own prices.
Amazon Marketplace handles payment processing and often provides shipping services through Fulfillment by Amazon (FBA).
Sellers pay fees to Amazon, such as referral and fulfillment fees. The Marketplace greatly expands the range of products available on Amazon.com.
Amazon sells products directly to customers, manages its inventory, and provides various services and subscription benefits.
Meanwhile, Amazon Marketplace allows third-party sellers to list their products on Amazon’s website, utilizing Amazon’s customer base and infrastructure for a fee. This combination makes Amazon one of the largest and most varied online marketplaces in the world.
Determining Amazon Costs
Amazon transactions on your credit card statement can appear in different ways. It depends on the specific transaction and how it was processed. Here are some common descriptors for Amazon charges:
- AMZN Kindle: Used for charges related to Kindle e-books or Kindle device purchases.
- AMZN Digital: Appears for digital purchases like e-books, music, movies, or software from Amazon.
- AMZN Prime Membership: Used for your annual or monthly Amazon Prime membership subscription fee.
- AMZN Fresh: Appears for transactions related to Amazon Fresh, Amazon’s grocery delivery service.
- AWS Amazon Web Services: Appears for charges related to Amazon Web Services (AWS) for cloud computing or hosting services.
- AMAZON or Amazon.com: The most straightforward and common descriptor for purchases made directly from the Amazon website.
- AMZN Music: Used for transactions related to Amazon Music, the music streaming service.
- AMZN Prime Video: Used for charges related to Amazon Prime Video, a streaming service.
- AMZN Mktp US: Used for Amazon Marketplace purchases, indicating the transaction was processed through Amazon’s marketplace.
- AMZN Appstore: Displays for purchases made through Amazon’s Android app store.
- AMZN Payments: Sometimes used for payment-related transactions.
- AmazonSmile: Appears for purchases made through AmazonSmile, where a portion of the purchase goes to a charitable organization.
- AMZN: A shortened version of Amazon’s name used for transactions.
- AMZN Digital Services: Used for various digital services provided by Amazon, such as digital downloads and subscriptions.
- AMZN Mktp CA: Similar to “AMZN Mktp US,” but for Amazon Marketplace purchases in Canada.
The description on your credit card statement can vary, and these are just typical examples. For questions about a charge, look at your Amazon order history or reach out to Amazon customer support. Regularly check your credit card statements to confirm all charges are valid.
Identifying Fraudulent Charges
Managing your monthly credit card and bank statements can be overwhelming. We recommend the SimplyWise app for an easier solution!
SimplyWise helps you keep all your receipts and online transactions in one place, including those from Amazon, Walmart, PayPal, and more. It provides a clear and detailed view of your spending as it happens.
To avoid unauthorized charges and gain better control of your finances, follow these simple steps:
Step 1
Install the SimplyWise app and link it to your Amazon account.
Easily view all your Amazon transactions with the Amazon Connect feature. Import as many transactions as you need into your SimplyWise account.
Step 2
Securely connect your bank or credit card account using the app’s Reconciliation feature.
This allows you to compare your SimplyWise transaction records with your bank or credit card statements.
Step 3
Match the charges from your financial institution with your SimplyWise records.
Identify any fraudulent charges quickly. SimplyWise will cross-check your transactions with your bank or credit card and mark them accordingly.
If there are unrecognized transactions, an alert icon will appear. If you still can’t identify the charges, contact your bank.