How are Indian folks managing recurring payments now?

Question

I have a bunch of subscriptions which are gradually starting to fail over the last year or so because of RBI rules controlling recurring payments.For some (like jetbrains, namecheap etc) I was able to talk to the service provider to use a workaround like paying in advance or using a wallet.For some more obscure payments, like a usenet subscription for example, the recurring payment I had set up before the rule kicked in just failed and my subscription was cancelled. Even my audible.com subscription got cancelled because I could not make a payment through my credit card.What are folks in India doing to easily manage recurring payments?Is there a service or something to make sure these recurring payments work everywhere?

aurizon · Accepted Answer

India is losing track of dollars, and their added taxes, so they are creating hurdles in the payment process to make sure their tax component is collected and they get it. There are a host of countries doing the same thing = compiles PITA for sellers on all payments, so this adds costs to payment processors, some say fukkit and leave that market - some solve it with/without 'cheating' India.https://cleartax.in/s/rbi-reserve-bank-of-india

virtualmic · Answer

My recurring payment for ChatGPT (USD 20 + GST) is working fine with SBI credit card.
Spotify and similar which have Indian presence work good of course (with SBI as well as ICICI cards).
I do have a Jetbrains subscription, but I can't verify if the subscription still works, because I got a 3Y one during one of their promos and it's still active.

darthShadow · Answer

FWIW, I haven't had any failures in ~3-4 months now. Every subscription using Stripe has been working flawlessly for the same time. Even usenet subs have renewed fine this year (just had an automatic renewal processed yesterday).I use ICICI, Axis & HDFC Cards and all 3 have worked fine.