My honest take is: in an ideal world it should become possible to unsubscribe through our bank.
This also would prevent any dirty trick from companies trying to obfuscate unsubscribing.
This also would prevent any dirty trick from companies trying to obfuscate unsubscribing.
However the payment card companies could handle this by facilitating subscriber to generate a new virtual card for each sub, then to cancel sub, cancel card. They'd need to qualify the current T&Cs which pass a charge through regardless.
"If you'd like to block a merchant and their recurring payments — please go directly to the merchant and ask them to stop recurring charges to your Wise card.
If you can't reach the merchant, or they haven't cancelled your subscription after you've asked, you can block future recurring charges to your Wise card through your Wise account."
I guess they could keep providing you the service and keep track of the debt you "owe" them. Once it becomes high enough they would find ways to claim the money.
Those terms would include things like "payments are monthly, service automatically ends when payments end, etc."
As things stand today, plenty of consumers end subscriptions by blocking payment, which practically works, but opens the doors to a scumbag company bulk chasing all those unpaid subscriptions through the courts and getting leins on millions of homes for $150 each and templated court cases.