Understanding Monthly Subscriptions: Pay Now, Use Later
How do monthly subscriptions, particularly those that auto-renew and require payments for future periods, actually work? Let’s break it down.
The Basics
When you sign up for a monthly subscription service, you enter into an agreement where you pay a fixed amount every month for access to a product or service. You can download images or HDR worth 450 credits every month.
Auto-Renewal
One key feature of many monthly subscriptions is auto-renewal. This means that your subscription will automatically continue, and you’ll be billed each month without having to manually renew. This ensures uninterrupted access to the service.
Payment for Future Periods
In the case of subscriptions where payments are made for the future period of one month, your payment effectively reserves your access to the service for the next month. For example, if you pay on the 1st, you’re covering your usage from the 1st of this month to the 1st of the next month.
Cancellation and Access
When you cancel such a subscription, it doesn't immediately end. Since you’ve paid for the entire month, you retain access to the service until the end of the current billing period. Essentially, you’ve paid for a month, so you get a month, regardless of when you cancel.
Parting Thoughts
It's important to understand the terms of any subscription service you sign up for. Knowing how auto-renewal and payments work can help you make informed decisions and manage your subscriptions effectively. And remember, if you decide to cancel, you’ll typically still have access until the end of your current billing period.
Manage or cancel your subscription:
Click on "My Account"
Click on "Manage" in the subscription section
In the following screen you can do the following:
Cancel or extend the subscription
Remove or add new payment method (ex. expired cards)
Update your Invoice Information
View and download the invoice
