What is Paddle.NET on My Bank Statement?

A Paddle NET or Paddle.NET charge on your bank statement is an increasingly common complaint from consumers in both the UK and US thanks to the growth of the platform and SaaS businesses.

But what exactly is Paddle, and why have they charged you?

Let’s take a look.

What is Paddle.net?

Paddle is a payment processor for many thousands of software as a service (SaaS) businesses in the UK, US and across Europe. They also act as a Merchant of Record for them.

That means they haven’t charged you themselves, but they have processed the payment.

So try to think of any software you either actively us, or recently used.

If you have no luck finding out who the charge is from, visit the Paddle.net website and enter the email address you likely would have used and it’ll try to find the company responsible for the charge.

Is Paddle a SCAM?

Absolutely not.

Paddle is a legitimate company and payment processor, just like PayPal. You don’t need to be worried about this showing up on your bank statement, unless it is an irregular transaction.

They have a lot of bad reviews on TrustPilot simply because consumers don’t understand who Paddle are when dealing directly with software companies, who should be telling them how the transaction will show up on their bank statement.

Leave a Reply

Your email address will not be published.