For over a decade we have empowered thousands of businesses to manage the recurring revenue lifecycle and have stayed at the forefront of SaaS billing. With the new Trial Subscription requirements Visa is rolling out tomorrow, April 18, 2020, we have made a few updates to ensure you stay aligned with Visa’s recommended best practices when offering trial and promotional subscriptions. Read below to learn how we are ensuring your business stays on top of these new updates.

Reminder of the purpose of Visa’s new industry recommended practices  

Visa is encouraging merchants to implement these new rules in order to enhance transaction disclosures, reduce chargebacks, and empower customers’ shopping experience when choosing to do business with a subscription-based merchant.

How is Maxio addressing Visa’s new recommendations ?

• Express Consent
• Enhanced notifications
• Easier Cancellation
• Explicit Transaction Receipts
• Statement Descriptors

Your success is our priority and we will continue to monitor the constantly changing payments and gateway industry to ensure you have the tools needed to continue providing a great experience for your clients.

These new trial subscription updates that are championed by Visa are also a push toward enhancing the buying and selling experience for everyone by providing clarity, control, and easier dispute resolution.