How many times have you forgotten to unsubscribe from a free trial of an application you barely use? You do not know when services like Netflix, Deezer, Spotify and Adobe charge your cards? When subscribing to a service, do you read everything in terms and conditions? To make you feel better, we haven’t met a person who does.
Do you also remember that particular amount you paid for unsubscribing from some subscription? Dollar signs in your eyes, right? How about the struggle with unsubscribing? I still remember the $70 that Adobe charged me for “unsubscribing too early”.
Revuto is a unique app that saves money to its users by sending them instant notifications to Approve, Block, or Postpone (Snooze!) subscription charges or any other payments as they occur.
To get early access to the Revuto app and to use it for free, all you have to do is sign up at https://revuto.com.
With Revuto you can:
- Categorize subscriptions and setup spending limits
- Customize alarms and notifications
- Add several cards and other payment sources to the Revuto app but use single card information to subscribe
- Use Revuto AI to postpone subscription payment to the maximal extent but without service suspension
- Share subscription charges with other members
Revuto is the only app that:
- actively controls subscriptions by allowing users to Approve, Block or Snooze payments as they occur
- comes with a debit card to fully manage your online and offline payments
The fact that users are already spending billions on their subscriptions, more specifically, in 2019, according to TechCrunch, $120 billion has been spent on apps and subscriptions, was the main reason to provide them with an app that will control their subscriptions and ultimately, save them money.
Also, by signing up for early access to the Revuto app and by sharing your referral link with your friends, you’ll get an opportunity to earn Revutokens, more precisely, cryptocurrency. Depending on the number of friends you bring to Revuto, you can get a free Revuto debit card, free access to the Revuto Pro app with additional features, and a free Revuto Pro debit card to which you will be able to add a personalized message. Lastly, the Revuto app and Revuto debit card will function as transaction accounts for sending or receiving money between the users.
CNBC wrote that the subscription habit is wasting $500 per year and a gray-area charges — including fees that kick in after a free trial, auto-renewing services, and subscription fees that creep higher over time — won out as consumers’ top financial pet peeve in a MyBankTracker.com survey.
- Small monthly payments seem cheap but yearly they are not
- The full terms of the subscription plans are usually not emphasized
- You can easily forget about ongoing subscription charges
- It is difficult to unsubscribe
- Services will charge your card indefinitely
- Services will charge your cards without upfront notification
Recent surveys about rapidly growing subscription commerce show that people spend a lot more on subscriptions than they think. 84% of people grossly underestimated how much they spent on digital subscriptions according to a Waterstone Management Group survey. In 2019, people in the US spent $640 on digital subscriptions like streaming video and music services, cloud storage, dating apps and online productivity tools, according to an analysis for The New York Times by Mint, the online budgeting tool owned by Intuit.
Subscription businesses count on our forgetfulness, on “I’ll cancel it next time” syndrome and the tendency to continue the status quo, while using a misleading approach. There is a growing number of subscription traps and deceptive “free” trials according to a quantitative survey conducted by the Swedish Consumer Agency and the ECC Sweden back in 2017.
SOME FACTS ABOUT SUBSCRIPTIONS:
The subscription business has grown by more than 100% a year. According to global research and advisory company Gartner, by 2023, 75% of organizations selling direct to consumers will offer subscription services.
WHAT CAN SUBSCRIPTION USERS DO TO PROTECT THEMSELVES FROM LOSING THEIR MONEY?
Even though there are some financial planning apps that could ease your pain by setting off the alarms you would manually set up, until today, there was no clear answer to that question. Why? Because there was no service that could stop subscriptions from charging your cards unless your card was empty or declined by your bank.
The Revuto app will be available in the second half of 2020 so stay tuned! :)