MasterCard Adds Security Measure to Prevent Automatic Billing After a Free Trial Finishes
Thursday, January 17, 2019 IST
The company now requires anyone taking your card details for a free trial or subscription to share regular updates about the cost, and how to cancel.
Your online pre-subscription free trials of an app or service are about to get a whole lot simpler. Credit card company MasterCard has announced that it is implementing a new policy for merchants and companies which retain your credit card information after you sign up for a free trial. This is quite true for a lot of apps and web services. Mastercard will now require those merchants to request an official authorization before they charge you for any recurring subscriptions.
This is great news for anyone who may have signed up for a free trial, and then forgotten about it or simply slipped their mind to cancel the subscription if they didn’t wish to continue. In the present scenario, the company offering the free trial would go ahead and simply charge you for the actual subscription as soon as the trial would finish—with the card information which you shared with them at the time of signing up. In the communication by the service offering the trial and subscription, users will get the details such as the transaction amount, payment date, the merchant the payment is being made to and clear instructions on how to cancel the trial.
Subsequently, MasterCard also requires merchants to send periodical updates with receipts indicating the payment details, amount of payment made or to be made and clear instructions on how to cancel the subscription. This will be handy in case there are any changes to the subscription cost at some point, and you may not really have noticed that as a subscriber. “For each payment thereafter, the merchant will have to send a receipt to the cardholder for each transaction by email or text message with clear instructions on how to cancel the service if the consumer so desires. In addition, all charges that appear on the cardholder’s statement must now include the merchant website URL or the phone number of the store where the cardholder made the purchase,” says MasterCard in an official statement.
However, MasterCard’s policy isn’t exactly clarifying if this is true for any scenario where you directly share your MasterCard card details (such as streaming services including Netflix or productivity software subscription such as the Adobe Creative Cloud), or will also apply for subscriptions signed up for through application stores such as the Apple App Store, Google Play Store and Microsoft Store.
Related Topics
Related News & Articles
The PNR gets automatically cancelled via IRCTC when a train is cancelled from start station to the end station
Recently posted . 616 views . 1 min read
Global card payments major MasterCard has proposed a date from which it will start deleting data of India cardholders from global servers. The company is waiting ...
Recently posted . 484 views . 2 min read
The inventor is in talks with the Tamil Nadu government for introduction of the FDA-approved device in a primary care setting.
Recently posted . 570 views . 1 min read
A federal jury in Dallas on Thursday ordered Johnson & Johnson and its DePuy Orthopaedics unit to pay $247 million to six patients who said ...
Recently posted . 564 views . 2 min read
According to NCRB data for 2015, of the over 2.82 lakh humans behind bars, over 67 in line with cent inmates are undertrials. about sixty-five in keeping w...
Recently posted . 474 views . 44 min read
Trending News & Articles
While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content.
...
Recently posted . 61K views . 1 min read
The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...
Recently posted . 8K views . 1 min read
Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million.
Rahul and his girl friend was th...
Recently posted . 7K views . 7 min read
True – Tr...
Recently posted . 6K views . 83 min read
More in National
Eklavya Foundation work is concentrated in the fields of Education, Health and Community Development which we believe are the areas of greatest need and deserve t...
Recently posted. 534 views . 2 min read
Sohna: In yet another occurrence highlighting the inauspicious circumstance of the safety of women in the nation, a woman was purportedly gang-raped in a moving car...
Recently posted. 651 views . 8 min read
Doctors at Pune's Sahyadri Hospital performed the in-vitro fertilisation (IVF) procedure and fused Prathamesh Patil's semen, extracted and preserved long be...
Recently posted. 518 views . 1 min read
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 1K views . 34 min read
Recently posted . 1K views . 88 min read
Mob lynching: The problem is that people "may not be able to read or write, but everyone understands photos and videos," said Rema Rajeshwari, a superin...
Recently posted. 601 views . 1 min read
The Supreme Court, in a landmark judgement, has upheld the constitutional validity of Aadhaar, but struck down major provisions that allowed private entities to a...
Recently posted. 555 views . 1 min read