It could very well be that recently you saw something like “ACHMA VISB BILL PYMNT” on your credit card bill or bank account statement, and it freaked you out a little. But to be honest, there is nothing to worry about this one, and no need to think that it is some scam charge. In actuality, it is a legitimate charge by the bank itself, and they use this kind of label for specific bill payments. If you still don’t get it, well, just keep on reading to learn a little more about this charge and this specific label on your credit card bill. Here we go then.
What Does ACHMA VISB BILL PYMNT Mean?
This is not a meaningless chain of characters, but rather a simple-to-decipher code, and here we have provided you with the meaning of each part:
- ACH: Automated Clearing House, a system banks use for electronic money transfers.
- MA: Merchant Authorization, meaning that the company had your consent to use the payment.
- VISB: Visa Bill, giving the information that the payment was made on the Visa network.
- BILL PYMNT: Plain and simple, it’s a bill payment.
Thus, if we string the things together, the phrase tells us that the bill was paid through ACH and Visa.
Who Usually Sends This Type of Charge?
The most common way people receive this code is if they have paid money to Verizon Wireless. The money might have come from the following:
- Your setting up of an autopay transaction.
- A manual payment made through their app or website.
- You talking directly to their customer service staff on the phone and making a payment.
If you are not a Verizon user, look through your previous payments of the bills; the codes might be the same as the ones other service providers use in the payment system.
How Did the Money Leave Your Account?
Basically, there are three methods through which the transaction might have taken place:
- Autopay: When you receive a bill, Verizon takes the money from you automatically.
- Phone Payment: If you made your payment over the phone, the agent, in all probability, used this channel to process your payment.
- Scheduled Online Payment: The data of the system would not even know your early payment was a separate act.
These are all different cases, where “ACHMA VISB BILL PYMNT” is a mere code used to indicate the payment method, and that’s all, but it does not reveal the name of the company.
How to Confirm If It’s Legit
If you want to know that this is an actual or legit payment/charge:
- Access your Verizon account (or the specified service provider).
- Check that the date and amount of the transaction are in accordance with your bank statement.
- In case you determine a match, you can be sure that it’s true. If you can’t find it on the list, report it by calling the phone number on your statement or through your bank.
Those who retain a bill or confirmation of payment can easily get the necessary assistance so as not to waste time in search of potential support.
