Quote:
Originally posted by AaronM
That may not work. I spent over 3 years working for Wells Fargo's Credit Card division. A closed account can still be billed reoccurring charges.
I very clearly remember the nightmares of iBill and DMR Internet charges. Customers often closed their accounts rather than contacting the billing companies to cancel the "unauthorized" charges. The next month...Another charge was added to their closed accounts.
|
Yeah, I work Visa customer service, and you would not believe how many people don't seem to understand this.
When you give your credit card number + expiry date to a company, you're entering into a contract with that company, and using Visa/MC/Amex as the mode of payment.
Visa/MC/Amex cannot cancel payments to the company and they must allow them to go through even if the account is closed. Legally, Visa/MC/Amex cannot stop the payments as that would be a breach of contract.