![]() More merchants are being added every day. Google, Netflix, Policybazaar, and Spotify are among multiple merchants across various categories, where recurring card payments have been enabled. ![]() Through a simple and frictionless interface, any cardholder can easily modify the duration of their recurring payments, manage the amount or cancel the standing instructions at any point in time. The new rules permit processing of recurring transactions with OTP during e-mandate registration and automatic processing of successive transactions of up to ₹ 5,000/- for a transaction. Having a single window view of the various e-mandates set up by them.Modifying an e-mandate or stop payment of a specific transaction.Receiving text/email notifications about due recurring payments and confirmation of their processing.Effective October 1 st 2021, cardholders can conveniently manage their e-mandates including: This announcement builds on the Reserve Bank of India’s (RBI) circular on ‘Processing of e-mandate on cards for recurring transactions’ dated 31 st March 2021, which seeks to improve the safety of recurring payments for card-not-present transactions. With this announcement, the company is bringing another layer of simplicity and seamlessness to the payments process across the entire ecosystem, while ensuring that transactions remain safe and secure. Mastercard today announced the enablement of recurring payments / standing instructions on its debit and credit cards. You can also manage your subscriptions directly from the App Store or Google Play store on your phone.This helps issuers and merchants comply with the RBI guidelines on the processing of e-mandate on cards for recurring transactions If you didn't catch Netflix's most recent price bump, there are apps and websites that will notify you when a service hikes its prices, help you cancel any services you're not using, and-in some cases-provide financial aid services. Unless you meticulously examine your statement each month, a small bump in price-or a free trial automatically converting-is easy to miss. Mastercard now has a policy requiring merchants to get a cardholder's approval at the end of a trial before they start billing, but you still need to do most of the work yourself. ![]() So this begs the question: Are you paying attention? Every piece of content you could consume has its own subscription service that will bill you on a monthly (or yearly) basis. Then there's the music you enjoy, the workouts you stream, the comics you read, and the video games you play. If you want all the popular originals- The Witcher on Netflix, The Mandalorian on Disney+, Star Trek: Discovery on Paramount+, Ted Lasso on Apple TV+-plus exclusive access to deep movie catalogues on HBO Max and Amazon Video, things get expensive pretty fast. That was the dream, but TV and cable execs have caught on. Don't pay for channels you never watch just stream your favorite shows and movies online.
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