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Sudesh Rai

Auto Renewal Charges on Debit and Credit card

This is a very good move in regards to app stores LocalCircles but not so in regards to other services and it impacts merchants negatively.

Can businesses share if its working for them or are consumers logging out of services due to hassles in payments?


https://www.localcircles.com/a/press/page/rbi-auto-debit-survey more  

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Automatic Renewal of Service - Inputs on Issues
Some of you have posted concerns in regards to auto renewal of a particular subscription by service providers and hence an automatic charge on credit or debit card without an approval. With this post we would like to seek your inputs on all such transactions that you have experienced. Once we understand the issue, we will separately discuss solutions that can be implemented to eliminate such auto charges on credit and debit cards. We look forward to your inputs! Dept. of Consumer Affairs
Viewed by 1275
H.P. Gurg
As far as Debit Cards are concerned, most of the Bank will say it is free, when they are giving. But over a period of time they start charging Annual Fee. more  
Padam Law
This is an absolutely correct action by RBI. more  
Gopabandhu Mohapatra
Different Banks have different rules with regard to renewal charges for Credit and Debit cards. more  
K C Rana
The banks have stopped making payments to ecomm companies even for less than Rs.1000/- per transaction. Yday, I tried to make payment to Amazon from 2 different banks against Credit/Credit cards but both declined. Ultimately, I gave the option of PoD. This will affect the sellers and not the buyers. more  
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