Statement codes
What does PAYPAL * mean on a bank statement?
PAYPAL * means you paid a business with your PayPal account, and the name after the star is that business. PP* is a shorter form of the same thing.
How it looks on a statement
- PAYPAL *HARBORPRINTS: An online print shop.
- PP*LANTERNFONTS: A font shop. PP* is short for PAYPAL *.
- PAYPAL *GREENLEAFHOST: A web host.
What it is
A business you paid with PayPal. PP* is the same.
How Even Margin handles it
Even Margin reads the name after the star and, when it is on the merchant list, suggests its category at medium confidence for your review list.
Why does PayPal run the business name together?
PayPal passes your bank a short version of the seller's name, often without spaces, so HARBOR PRINTS can read HARBORPRINTS. Your PayPal activity shows the full name and what you bought.
Is a PAYPAL * line money I received?
No. Money leaving with PAYPAL * is a purchase. Money arriving from PayPal is a different line, usually a customer payment or your own balance moving across, and the PayPal page explains how Even Margin handles it.