Tuesday, April 23, 2019
Home Business Mastercard to limit automatic debits after a trial period

Mastercard to limit automatic debits after a trial period

There are countless companies that offer a trial period to subscribe to a subscription service. A strategy to attract new customers … but who can then book bad surprises on his bank account.

Through a press release, Mastercard announces improved transparency and new banking protections for its customers. From now on, the American company wants to force traders to inform their customers before the first payment is made.

The retailers – online or not – will have to " obtain cardholder approval at the end of the test before beginning to bill ". The levy will not be automatic, it will be necessary to wait for the client's permission.

He must be informed by email or text of the transaction amount, the date of payment, the name of the merchant and explicit instructions on the procedure to cancel his trial. An operation that will have to be systematic for each operation. The invoice must also include the seller's contact information, whether it is the URL of the website or the physical address of a store.

Mastercard stands out from its competitors Visa and American Express. On the other hand, the company did not communicate the date of installation, nor specified if these new measures will be deployed everywhere in the world.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Must Read

Hi Darwin does not air Friday, the decision of Mediaset: here is why

"Hi Darwin”, A very strong party, week after week it has always grown in ratings with episodes that have exceeded the average of...

the incredible effect of the electric bike according to Michel Cymes

Cycling is good for you, we know it. But the electric bike seems to be the ideal solution for our seniors, Michel Cymes explains...

Live: Without Messi, Barcelona with an unprecedented 11 against Alavés

Spain The Spanish League enters the final stretch of the tournament and this Tuesday FC Barcelona visits the always complicated Deportivo Alavés in key duel...

Saudi Arabia executes 37 people | TIME ONLINE

In Saudi Arabia According to the Interior Ministry, 37 people have been executed for alleged terrorism. The Saudi citizens are said to have built...