18 january 2019 0 comments reading time: 7 minutes

MasterCard Will Cancel Automatic Billing After Free Trials

On 16th of January MasterCard announced a new policy that is against automatic billing.

There are too many merchants offering free product trials, they’re becoming the new norm, sometimes a free trial is too difficult to cancel. These situations can cause a lot of problems for consumers and their banks.

That’s why MasterCard will protect customers from the billing period after a free trial for physical products, such as skincare or healthcare subscription. The company announced a new policy that will require sellers to get authorization from customers before hitting with recurring charges for subscriptions. It will also require companies to provide customers with monthly updates that include pricing and clear guides on how to cancel if the consumer needs it.

When that free trial comes to an end, the merchant will be required to send the consumer a text or email notifying that customer will have to pay to continue the subscription. That message has to include the subscription cost, payment date and merchant name. The message must be accompanied by instructions on how to cancel the subscription.

Even if consumer accepted to pay for the subscription, the company has to provide consumers with monthly receipts that show the consumer the monthly cost. Those receipts will also have to include a guide on canceling the subscription.

But it seems this protection won’t help customers try digital subscriptions and not get hit with a recurring cost if they forget to cancel it.


Этот текст скопирован с сайта https://zorbasmedia.com
Author:

Have something to tell about affiliate marketing? Become a ZorbasMedia author!

Featured Articles
Black Friday 2020 on ZorbasMedia You have probably been waiting for this day for the whole year. And finally, Black Friday with its awesome deals and huge discounts is here! We have gathered the best and most exclusive discounts and Black Friday deals so that you get real value for money and maximize your affiliate profits. Please be sure to […]
How to get targeted traffic: new payment model CPA Target It’s important nowadays to follow the trends and spend your resources wisely. Why? The former will allow you not to stay on the fringes of technological progress. The latter — to make your work on time and with maximum efficiency. Affiliate marketing is the sphere where companies, teams, and particular people set trends and come […]
Chinese Bank Launches and Then Disables Digital Yuan Wallet Chances are those of you who run ads for cryptocurrency products and services have been closely following China’s attempts at upending the dominance of Bitcoin. The country’s central bank-backed digital yuan has triggered huge controversy immediately after its launch and is now expected to go head-to-head with other cryptocurrencies and the US dollar.
Comments
No comments
Leave a comment
Ответ на комментарий: ....
This site uses cookies. By closing this message and continuing to browse the site, you authorize their use.