simpler method trick
1) Create virtual card
2) Switch payment method to new card
3) Delete virtual card
4) Cha ching !
1) Create virtual card
2) Switch payment method to new card
3) Delete virtual card
4) Cha ching !
Alternatively, they can do the same as the ISPs around here: jack up the sticker price, then give a large discount - conditional on your permanence as a client for X months. If you decide to cancel, you have to pay them back the discount accrued.
It's a hassle, but this makes companies not willing to go after the debt.
Then the model simply shifts: 1. Get credit card numbers illegally 2. Create Netflix accounts with those credit cards 3. Sell those accounts on EBay, even after the user reports the card as stolen it will continue to work.
If you never again plan on taking part in the economy, it may be a convenient solution, though.
That’s not going to happen with a virtual card you canceled.