New Delhi: Apple has unveiled a new feature that is designed to help users resolve payment issues related to their subscriptions to content, services, and premium features. The feature is expected to be rolled out this summer, and will help ensure that users stay subscribed to the services they rely on.
In a blog post, Apple explained that the feature will be activated if an auto-renewable subscription fails to renew due to a billing issue. At this point, a system-provided sheet will appear in the app, which prompts customers to update their payment method for their Apple ID. Previously, customers who encountered payment issues had to contact the app developer directly for assistance. This new feature eliminates the need for consumers to reach out to the developer and instead informs them directly in the app when their payment method fails.
To further assist users in resolving payment issues, Apple will be using machine learning to optimize payment retries for the highest possible recovery rate. This will be particularly helpful during the billing retry stage, when Apple attempts to collect a payment. In addition, when the Billing Grace Period is enabled, consumers can continue to utilize their services while Apple attempts to collect a payment.
It is worth noting that this new feature will require a minimum of iOS 16.4 or iPadOS 16.4. The introduction of this feature is just one of the many ways that Apple is constantly striving to improve the user experience and ensure that users have a seamless experience when using its products and services.
In addition to the subscription payment feature, Apple has also launched a new high-yield savings account for Apple Card users. The account, which comes with a 4.15% annual percentage yield (APY), allows users to grow their Daily Cash rewards by automatically depositing their earnings into a high-yield savings account from Goldman Sachs.
This new offering is expected to be popular with Apple Card users who are looking to maximize their savings potential. The account is available exclusively to Apple Card users and can be accessed through the Wallet app on their iPhone. Users who sign up for the account will benefit from no account fees, no minimum deposit requirements, and no minimum balance requirements.
This new savings account is just one of the many features that Apple has introduced to enhance the experience for Apple Card users. Apple Card is a popular credit card that was launched in 2019, and it has since become a popular choice among Apple fans. The card comes with a range of features, including cashback rewards on purchases, no annual fees, and easy integration with Apple Pay.
Overall, these new features are a testament to Apple’s commitment to improving the user experience for its customers. The subscription payment feature will make it easier for users to stay subscribed to the content and services they love, while the high-yield savings account will help users to maximize their savings potential. As always, Apple is dedicated to providing its users with the best possible experience, and these new features are just the latest example of this commitment.
