We’ve all been there: signing up for a service with free trial that requires us to input our credit card information to continue. After a couple of weeks or months, we forget about it until we get our credit card bill for the month.
This time, however, MasterCard will now protect its customers by stopping companies charging their card after free trials. These companies would now need to contact you in order to continue the subscription.
The instructions would also need to dictate on how much the payment would be as well as the instructions of how to cancel the service in case you didn’t like it.
After agreeing to the service, companies still need to give monthly receipts with the service’s monthly cost to allow its customers to calculate the total charge and price changes.
