You should instantly be put on high alert when subscribing to an online service using your credit or debit card number. We’ve grown accustomed to glossing over small print, and just clicking to agree to the terms and conditions. If you don’t know exactly what you’re agreeing to, you could find yourself with unexpected charges as well as over the limit or overdraft fees. People need to beware of online subscriptions and read all the terms of the subscription. Subscribers can then identify the following tricks that may result in a surprise later.
Beware of Length
Consumers might think they’re signing up for a monthly subscription that can be canceled anytime, but that may not be the case. Subscribers should ensure a minimum length of service is not required before agreeing to the terms of the agreement.
Beware of Price
A potential subscriber may see a monthly price quoted, but they should pay close attention to the asterisk next to it. The small print may explain the price quoted in big letters is only an introductory price. The price afterward might be much higher once the introductory period has ended.
Beware of Bundles
Some internet services will bundle additional trial offers with the requested subscription. The customer will be charged for BOTH services once the trial period is over. To make it worse, many times the box agreeing to this is checked by default. Potential customers should examine the offer carefully to ensure they’re not agreeing to a bundle of unwanted service.
Beware of Cancellation Policy
Some online subscriptions allow cancellation up to the very instant it will be renewed, but others may require 10, 15 or even 30 days notice. Subscribers should ensure they know the cancellation policy to prevent paying for an unwanted month.
Beware Of Auto-Renew
Many subscriptions will remember your method of payment, and charge you without notification as your renewal date approaches. The provider has no way to charge for a subscription renewal if the method of payment is removed. This requires the provider to contact the subscriber and give them the opportunity to cancel.
Signing up for an online subscription can take an instant. Consumers should beware of online subscriptions, and take some extra time to determine exactly what is included. By doing so, they could prevent months of regret.
What do you think, Clever Friends, have you ever signed up for more than you intended because you didn’t read all the information?
Save More Money in 2018
Subscribe and join the worldwide 52-week money challenge! Get the tools you need right to your inbox.