Stripe

This descriptor is not a company called “Nowfed.” “NOWFED From” is wording used by banks to label instant payments received over the Federal Reserve’s FedNow network; the actual sender’s name appears after that text. In your case, the sender shown is “STRIPE, LLC,” which refers to Stripe, a multinational financial technology company that provides payment processing software, APIs, and financial tools for businesses of all sizes. Stripe enables merchants, platforms, and marketplaces to accept card payments, bank transfers, digital wallets, and many other methods, and also offers products for subscriptions, invoicing, payouts, lending, identity verification, and more.([dime.com](https://www.dime.com/instant-payments))

A charge or entry labeled “NOWFED From STRIPE, LLC” typically represents an instant payment sent over the FedNow network where Stripe is acting as the sending financial platform. This could be a payout from a marketplace or gig platform that uses Stripe, a refund or disbursement processed through Stripe on behalf of a business, or movement of funds between accounts initiated by a service built on Stripe’s infrastructure. It may appear as an incoming credit (money to you) rather than a traditional card purchase, depending on how your bank displays instant payments.

If you don’t recognize this entry, first look for recent emails, text messages, or in‑app notifications from any services that pay you out (marketplaces, gig apps, creator platforms, fintech apps, etc.), as they often state when a Stripe-powered payout was sent. Log into those accounts and check their payout or transaction history for a matching amount and date. If you still can’t identify it, contact your bank and ask for any additional details in the transaction memo, then reach out to the platform or merchant you most likely interacted with—Stripe generally does not provide direct consumer billing support and will usually direct you back to the business that used Stripe to send or receive the funds. For suspected fraud, your bank’s dispute/fraud team should be your primary point of contact.