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I think it costs them a transaction fee from the credit card company each time too and affects their future ability to use the merchant network when they get to
by xster 8y ago
I think it costs them a transaction fee from the credit card company each time too and affects their future ability to use the merchant network when they get too many chargebacks.
- PerfectElement 8y agoWith Stripe, it's $15 for each dispute.
- munk-a 8y agoUnfortunately it can also really seriously effect your credit rating, but then again anything can do that and credit ratings are silly.
- ianai 8y agoCan it? There shouldn’t be any obligation implicit for monthly subscriptions outside of loans.
- rootusrootus 8y agoYou can absolutely be sent to collections for not paying for a service, it happens all the time. As soon as that happens they will report it to the credit bureaus.
- ianai 8y agoWhy can’t I send them to some other service?
- tedunangst 8y agoSend who, the debt collector? "Oh, no, I switched from Dropbox to backblaze. Go get the money from them." I guess you can say that, but I doubt it works.
- ianai 8y agoIt’s not debt if you’ve just been automatically renewed. Agreeing to pay X in Y payments is not the same as paying Z for 1 term of use.
- ascar 8y agoWhy do you think that? You entered a legally binding contract with an obligation to pay. You refuse to pay without canceling the contract. Why should the fact that it's a recurring payment change anything here?
- ianai 8y agoModern subscriptions are little more than saved payment information. Merely having someone’s payment information does not give consent.
- ascar 8y agoNo, merely having payment information is not giving consent, but you signing up for a subscription service was giving consent to a recurring subscription. That's a totally different situation.