Bank blocks $75k in dodgy subscription payments daily
Westpac says it blocks around $75,000 in unwanted subscription charges each day, mostly from overseas e-commerce sites that hide cancellation details in fine print.
Westpac has revealed it blocks approximately $75,000 in subscription trap payments daily from customers. The businesses behind these charges often disclose their terms in fine print that customers struggle to access. Banks are urging shoppers to carefully review purchase terms before completing transactions with overseas e-commerce sites.
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Coverage across the news outlets we track, as at publication.
What outlets are saying
RNZ
Bank says it blocks $75k in dodgy subscription payments a day
The businesses involved aren't necessarily acting fraudulently because they often disclose details in the fine print – but that can be hard for customers to access.
RNZ
$75k in dodgy subscription payments blocked each day – Westpac
The businesses involved aren't necessarily acting fraudulently because they often disclose details in the fine print – but that can be hard for customers to access.
1News
Westpac says $75k of 'subscription trap' payments blocked per day
Overseas e-commerce sites are finding new ways to trap New Zealanders into unwanted payments, with banks urging shoppers to do their homework before clicking "purchase".