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Why doesn't my credit card statement list subscriptions separately? How come I can't cancel through my credit card? It's great that the FTC is cracking down o

Why doesn't my credit card statement list subscriptions separately? How come I can't cancel through my credit card? It's great that the FTC is cracking down on this; but it seems like the credit card companies also should have some involvement too in making it easy to see what subscriptions you have, and making it easy to cancel subscriptions in a single location.

CuriouslyC 3y ago
Why would a company that gets a cut of whatever you buy with its service want to make it easy for you to stop buying things?
- deleted 3y ago
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- tuxychandru 3y ago
  Apple gets a cut of the payments made through them and yet they provide this option to the consumers. The FTC or the govt can force (?. I'm not a US resident and know nothing of US regulatory bodies' powers) card networks and banks to make this possible. This is exactly how things work in India, as I mentioned in https://news.ycombinator.com/item?id=36709947 https://news.ycombinator.com/item?id=36709947.
mrweasel 3y ago
MasterCard have made a deal with a Danish company that provides you with a way of cancelling subscriptions, normally via your bank[1]. The credit cards companies seems to be onboard. https://fintechmagazine.com/articles/mastercard-enters-subscription-management-space-with-subaio https://fintechmagazine.com/articles/mastercard-enters-subsc...
standardUser 3y ago
"but it seems like the credit card companies also should have some involvement..." If we want that, we need laws to make it happen. It seems a lot of people want companies to act in certain ways out of the goodness of their heart, when what we need are good laws that support consumers. Back before credit card reform under Obama, credit card companies were among the most aggressive actors when it came to late charges and fees and just generally ruining people's lives. They still would be, except now there is a law.

CuriouslyC 3y ago

Why would a company that gets a cut of whatever you buy with its service want to make it easy for you to stop buying things?

deleted 3y ago
[deleted]
tuxychandru 3y ago
Apple gets a cut of the payments made through them and yet they provide this option to the consumers. The FTC or the govt can force (?. I'm not a US resident and know nothing of US regulatory bodies' powers) card networks and banks to make this possible. This is exactly how things work in India, as I mentioned in https://news.ycombinator.com/item?id=36709947 https://news.ycombinator.com/item?id=36709947.

mrweasel 3y ago

MasterCard have made a deal with a Danish company that provides you with a way of cancelling subscriptions, normally via your bank[1]. The credit cards companies seems to be onboard. https://fintechmagazine.com/articles/mastercard-enters-subscription-management-space-with-subaio https://fintechmagazine.com/articles/mastercard-enters-subsc...

standardUser 3y ago

"but it seems like the credit card companies also should have some involvement..." If we want that, we need laws to make it happen. It seems a lot of people want companies to act in certain ways out of the goodness of their heart, when what we need are good laws that support consumers. Back before credit card reform under Obama, credit card companies were among the most aggressive actors when it came to late charges and fees and just generally ruining people's lives. They still would be, except now there is a law.