Results

TrustPay announces new partnership with MuchBetter

Computer users and programmers have become so accustomed to using Windows…

TrustPay announces new partnership with MuchBetter

Computer users and programmers have become so accustomed to using Windows…

TrustPay announces new partnership with MuchBetter

Computer users and programmers have become so accustomed to using Windows…

6. January 2021

Visa Free Trial Subscription Updates

author: TrustPay
Follow us:

As previously published in our blogs, Visa had decided to update its acceptance, disclosure and dispute policies for transactions at merchants that offer free trials or discounted introductory promotions as part of an ongoing subscription service as of 18 April 2020. The changes applied to merchants selling either physical or digital goods and services if they offered free trials or introductory offers that roll into a recurring agreement.

An overview of all requirements forming part of Visa’s update can be found in our previous article.

Enhanced Statement Descriptor

The effective date of the requirement to support an enhanced descriptor for the first transaction at the end of a trial or discounted promotional period, originally included in the requirements, was due to the pandemic postponed to 17 April 2021.

Nevertheless, Visa has recently adopted a new standpoint concerning the implementation of the enhanced descriptor. According to Visa’s reasoning, it is critical for the payment system to remain stable and secure for all stakeholders during the evolving COVID-19 pandemic. Visa recognizes that our businesses are facing significant operational challenges at this time, particularly for technology updates. To that end, Visa has decided to remove the requirement for support of the enhanced statement descriptor.

Keep in mind the effective date

Effective 17 April 2021, the enhanced descriptor will be optional for the first transaction at the end of a trial or discounted promotional period. The descriptor can be used in the merchant name field or the merchant city field. All other requirements, as previously announced, are still applicable.

Contact us for more information or help

Do you need help or have further questions? Please, do not hesitate to contact your Account manager or contact us via sales@trustpay.eu. We will be pleased to advise you.

you might be interested

Termination of VISA fraud liability protection using 3DS 1.0.2
As the ongoing pandemic situation has proved, the digital economy plays an increasing part in all our lives; therefore, it is vital that electronic payments are secure, convenient, and accessible.
Economy
author: TrustPay
Brace for impact, SCA is about to hit – are you ready?
As we enter the final part of the year, peak shopping season, pandemic-driven e-commerce acceleration and the annual change freeze period will collide. But this year the introduction of Strong Customer Authentication (SCA) will also enter the mix – and for some merchants, it may feel like the end of 2020 will be even more daunting and difficult than the early part of the year.
Economy
author: TrustPay