Have you noticed an unfamiliar charge from Bambora Internet PSP on credit card statement and wondered what it’s for? Don’t worry; you’re not alone. This charge is often related to online purchases, and here’s a breakdown of what it means.
What is Bambora Internet PSP?
- Bambora is a global payment processing company that provides secure online payment solutions.
- “PSP” stands for Payment Service Provider, meaning Bambora acts as an intermediary between your credit card and the merchant where you made a purchase.
- They process transactions, ensuring the security of your information and the transfer of funds between your bank and the merchant.
Why You Might See the Bambora Internet PSP Charge on Credit Card
You’ll likely see this charge if you’ve made an online purchase from a business that uses Bambora to process their payments. Here’s why:
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The merchant’s name doesn’t appear: Sometimes, the actual merchant’s name might not show up on your credit card statement. Instead, you’ll see the payment processor (Bambora).
Small businesses: Many smaller businesses and organizations rely on payment services like Bambora to process their online transactions, especially those who don’t have a well-known brand name.
Subscriptions and memberships: If you’ve signed up for a subscription or a membership service that charges your card regularly, you might see charges from Bambora.
Examples of Businesses Using Bambora
Here are some examples of where you might have made purchases that resulted in a Bambora charge:
- Camps or educational programs (like Camp STEAM Canada)
- Online stores in various niches
- Donation platforms
- Membership organizations
Is It Safe and Legitimate?
Yes, Bambora is a reputable company, and charges labeled “Bambora Internet PSP” are typically legitimate. Rest assured that they are committed to protecting your financial information.
What to Do If You Don’t Recognize the Charge
Check Your Purchase History: Review your recent online purchase history and see if you can match the Bambora charge to any of those transactions.
Contact the Merchant: If you still cannot identify the charge, consider contacting the business you suspect it might be associated with and inquire about the specific transaction.
Contact Your Bank: If needed, contact your bank or credit card company. They may provide more details about the charge or help you dispute it if you believe it’s fraudulent.
Conclusion
Seeing Bambora Internet PSP charge on credit card statement might be a bit surprising but shouldn’t be a cause for alarm. It usually simply indicates that you made an online purchase with a business using Bambora’s payment services. If unsure about a charge, always check your transaction history or contact the relevant merchant for clarification.
Faqs
Q 1. What is the Bambora Internet PSP charge on credit card statement?
A 1. The Bambora Internet PSP charge appears on your credit card statement when you make an online purchase from a business that uses Bambora as its Payment Service Provider (PSP). Bambora acts as an intermediary, processing the transaction securely between your credit card and the merchant.
Q 2. Why doesn’t the merchant’s name appear on my credit card statement?
A 2. Sometimes, instead of the merchant’s name, you’ll see Bambora Internet PSP charge on credit card statement. This occurs because Bambora processes payments for many businesses, especially smaller ones, and their name might not appear directly on your statement.
Q 3. Is the Bambora Internet PSP charge safe and legitimate?
A 3. Yes, the Bambora Internet PSP charge is typically safe and legitimate. Bambora is a reputable payment processing company, and seeing their name on your credit card statement usually indicates a secure online transaction with a business that uses their services. If you don’t recognize the charge, check your purchase history or contact the merchant for clarification.
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