A core feature of our product is our real-time payment alert that helps you control your money. Have you ever looked at your statement and wondered what that payment was for? You are not alone, millions of consumers question transactions every day. What if you could approve every online transaction and not rely on the banks to approve on your behalf?
What is ScribePay’s Payment Alert?
Every time you subscribe to a service you are required to give your 16-digit card number, expiry date, and CVV2 number (even though it’s a free trial). Once the merchant has your card details they have the authority to continuously take the payment( commonly known as continuous payment authorisation) from your account until you cancel. As a result of this, the average consumer loses £300 a year from forgotten/unwanted subscriptions.
Every time you subscribe with your ScribePay virtual card- we’ll automatically track the subscription (even the free trial). When the trial is about to end we will send you a reminder alert. When the payment is about to switch from free to a paid auto renewal, we send you a notification to approve and decline the transaction (also known as real-time payment alert). This way no money leaves your account without your approval. If the amount increases, we will also send you a notification to approve or decline the price increase. With ScribePay you instantly have control and never lose money.
Why is this important?
Cards are the most common and convenient way to make a payment- and it can be too easy to use a card to subscribe or make a payment online and not know who is taking money from your account.
By enabling Payment alert through the ScribePay app, you have instant control of your money- and control will help you budget better, but most importantly have the freedom to trial new subscriptions services as we ultimately believe you can save money with subscriptions.
It’s just one more way we’re living our mission of breathing a new approach to opting in and out of subscription services, so you can manage your money in a better way. We do all the work in the background, letting you seamlessly control your money and make your money grow.
Download the ScribePay app- The smart way to track, manage and pay for subscription services.