I thought i had £98 taken from my account, googled the description which was "PAYPAL *ALEXDIGWEED <removed> GB" so found this thread then realised i had another with the same number but a different company name "PAYPAL *AZCARBIDE <removed> GB". at this point i remebered what both transactions where. so it seems to me <removed> GB is just a standard processing code for paypal transactions paid directly with your card. so for some of us it might be worth just really thinking back and checking it isnt something you bought and forgot.
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