3 ms·
Not so fast! The press release is sort of ambiguous. It sort of seems like they only added an additional rule for the merchant to send an email or text with ins
by grok2 8y ago
Not so fast! The press release is sort of ambiguous. It sort of seems like they only added an additional rule for the merchant to send an email or text with instructions on how to cancel before billing. To me it seems like the first of their statement announces what they've done and the 2nd part tells how they've done it -- with an email to cancel. It's not clear that the same email will require the user to click confirming the charge.
"The rule change will require merchants to gain cardholder approval at the conclusion of the trial before they start billing. To help cardholders with that decision, merchants will be required to send the cardholder – either by email or text – the transaction amount, payment date, merchant name along with explicit instructions on how to cancel a trial."