Also whenever I have the option to do so, I sign up for subscriptions with PayPal. It's super easy to cancel recurring subscriptions on PayPal.
[1] https://www.consumerprotectionreview.com/2021/11/california-....
Is this like with expiring credit cards, where you just let it lapse (which it's my understanding does not automatically get you off the hook—you just hope it's not worth the company's time to pursue you), or is there actually a mechanism automatically provided through PayPal to cancel subscriptions?
There are also some services that provide these virtual cards tied to debit cards or bank accounts. I haven't tried these types of services since I prefer the protection of credit cards, which often offer significant points or cash back rewards.
Yes, this is what I was referring to by expiring credit cards (I was very unclear, sorry). But does this method actually work? I thought you were still liable for the charges, just very unlikely actually to be hounded for them.
I usually use these virtual numbers if I had concern that there could be a database leak from the company, or if I felt that there was a chance that they would not follow my cancellation instructions.
I suspect that, to the extent it happens, it's less the banks keeping track of it in advance, and more that the bank sees a new recurring charge coming in to the old account and decides to roll it over to the new one.