Paying your bills has gotten easier over the years thanks to online banking and payment services, but buyers should beware. More than 1 in 3 Americans (35%) say they have signed up for a subscription or membership, such as a gym, that enrolled them in an automatic payment plan without even realizing it, according to a new study by CreditCards.com. When respondents found themselves in this situation, only 11% kept the auto-pay turned on, while 89% chose to turn it off. Only about half of those surveyed found it easy to cancel an automatic payment (47%).
Have you fallen victim to recurring payments without knowing?
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