Is "V SHRED LLC" fraud?

Written by Sage Wallace

June 18th, 2024

Medium Risk

What is "V SHRED LLC"?

Zip.co was founded in 2013 and operates in the financial technology sector. The company offers a variety of installment payment services that enable consumers to buy now and pay later. Zip.co's core product offerings include Zip Pay, an interest-free line of credit for small purchases, and Zip Money, a line of credit for larger amounts with flexible repayment options. Additionally, the company provides services for businesses, such as Zip Business Trade and Zip Business Trade Plus, which offer credit solutions to manage cash flow and inventory needs.

V: Represents the company name or entity associated with the transaction

SHRED: Possibly a keyword or identifier related to the transaction

LLC: Indicates the legal structure of the company, in this case, a Limited Liability Company

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.