Is "PURCHASE RENT THE RUNWAY" fraud?
Written by Ethan Patel
June 18th, 2024
Medium Risk
What is "PURCHASE RENT THE RUNWAY"?
Rent The Runway, founded in 2009, is a company that specializes in clothing rentals. It provides a variety of retail products including designer dresses, handbags, accessories, and everyday clothing. The service allows customers to rent apparel for specified periods, offering both one-time rentals and membership options. The company's inventory includes selections from multiple designers and covers clothing for various occasions, such as weddings, parties, and professional events. Rent The Runway also offers a subscription model where customers can make an unlimited number of swaps within their membership terms.
Verify if this transaction is fraud in 30 seconds
Verify With Receipt
The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for.
Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn't match.
STEP 1
Connect your Email
Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.
STEP 2
Connect Your Bank
Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.
STEP 3
Reconcile
Reconcile the charges reported by your financial institution against what you've recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.
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