Apple has announced a new feature that will help users resolve payment related issues to subscribe to their content, services and premium features. This is essentially a new way users can continue their subscription when their existing payment method fails for whatever reason.
“Starting this summer, if an auto-renewable subscription doesn’t renew due to a billing issue, a system-provided sheet appears in your app with a prompt that prompts customers to update their payment details for their Apple ID.” Lets update the method,” Apple said in a statement. blog post. Previously, when a customer’s payment method failed, they would contact the app developer for assistance.
Apple said this new feature will instead notify customers inside the app when their payment method fails, eliminating the need for consumers to contact a developer for help with this common issue.
For example, if a subscription is in the billing retraction phase, Apple uses machine learning to optimize the payment retraction for the highest possible recovery rate. When the billing grace period is enabled, consumers can continue to use their services while Apple attempts to collect payment, according to the company.
This feature will require a minimum of iOS 16.4 or iPadOS 16.4. The current stable update version available for eligible iPhone and iPad devices is iOS 16.4.1 and iPadOS 16.4.1, which means the new feature will be available on the iPhone 8 and later and all models of the iPad Pro, third-generation iPad Air and later. Available for. iPad 5th generation and later, and iPad mini 5th generation and later.
Meanwhile, Apple has launched a new high-yield savings account for Apple Card users that will come with 4.15 annual percentage yield (APY). Apple Card users can now choose to increase their Daily Cash Rewards by automatically depositing their Daily Cash into a high-yield savings account from Goldman Sachs. But since Apple Card services are available in the US, only customers in the US will be able to open savings accounts.
– Written with inputs from IANS
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