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From the linked blog posting: >The rule change will require merchants to gain cardholder approval at the conclusion of the trial before they start billing. To
by everybodyknows 7y ago
From the linked blog posting:
>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.
https://newsroom.mastercard.com/2019/01/16/free-trials-without-the-hassle/ https://newsroom.mastercard.com/2019/01/16/free-trials-witho...
Note the "... instructions on how to cancel a trial". I read this as signifying auto-charging commences at end of the trial. And merchants can continue forcing customers to jump through whatever hoops they had set up already. The only new requirement from MasterCard is sending of an email shortly before the auto-charge.
Am I wrong?
- Animats 7y agoNo, you're right. MasterCard is grossly misrepresenting (i.e. lying about) what they are doing. It's opt-out, not opt-in.
- SOLAR_FIELDS 7y agoTrue, but what they are implementing is still a significant improvement over the status quo. The simple notification is going to cut into the profits of many companies banking on people not bothering to check when their trials are over. While MasterCard might be misrepresenting (read: overselling) what they are doing, the new situation is undoubtedly a net benefit over the current situation.
- etherealG 7y agoSorry to hijack the top comment, but can the title here be changed please to reflect the reality of the situation. Mastercard are not doing what this title says.