Comment on Cox charges you $25 if your credit card is declined
grue@lemmy.world 3 days agoBill pay pushed from your bank account is okay – you can get even set up limits where it’ll cancel the payment if a bill is unexpectedly large.
Letting creditors pull from your bank account is what isn’t okay.
SirQuack@feddit.nl 3 days ago
I really like SEPA mandates for this. Yes, they’re pull, but you can cancel them with one click within 52 days, and the money is back in your account in a few hours (if not instantly).
Most companies that use it are very clear, since auto-pay by law needs a reminder or the refund is an automatic legal cancellation of the contract. (Of course, this is sometimes disguised as an upsell, mostly by telco’s or “disruptive startups”).
And they work across Europe, so my German cloud provider can use debits to pull the money from my Durch bank account.
The US not having such a consumer friendly system is really unfortunate, but not surprising.
AnUnusualRelic@lemmy.world 3 days ago
Well, they’re consumer friendly, so of course the US won’t have them.