On October 19, 2019, VISA published an updated version of its Product and Service Rules that will impact the acceptance, disclosure and notice obligations of merchants conducting free trial offers and introductory offers that convert to paid programs for both digital and physical goods and services. These changes go into effect on April 18, 2020. I will not go into all of the new requirements but will summarize the most salient for now. Applicability: The new rules apply only to free t...
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