What are the legal requirements for recurring payments?
An example of an AI chatbot conversation about legal requirements for recurring payments.
What are the legal requirements for setting up recurring payments?
The legal requirements for recurring payments vary by jurisdiction, but generally include clear consent from the customer, transparent terms, and easy cancellation options.
Do I need to inform customers about changes in payment amounts?
Yes, you must inform customers about any changes in payment amounts or terms before the changes take effect.
What happens if a customer disputes a recurring charge?
If a customer disputes a recurring charge, you may need to provide evidence of their consent and the terms agreed upon. It's important to have proper documentation.
Are there specific regulations I should be aware of?
Yes, regulations like the Fair Credit Billing Act in the U.S. and the Payment Services Directive in the EU set specific guidelines for recurring payments.
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