News From the Wire

16:14:19 (UTC) 09-18-2025

Viamericas, GCB team up to enhance remittance services

16:12:43 (UTC) 09-18-2025

Cross River launches Advanced Authorization offering, redefines real-time approvals

16:10:04 (UTC) 09-18-2025

InvoiceCloud team recognized at Utility 2030 Women Who SPARK Awards

16:08:26 (UTC) 09-18-2025

Aleo appoints Deborah Marfurt as Chief Financial Officer

16:07:21 (UTC) 09-18-2025

Vending machine market report 2025 available

16:03:23 (UTC) 09-18-2025

Current manufacturing indicators improve in September

16:01:32 (UTC) 09-18-2025

Rain, Lithic aim to accelerate global growth of stablecoin-powered payments

16:00:13 (UTC) 09-18-2025

Paymentology, Enjaz sign MOU to advance next-gen digital payments in Saudi Arabia



News from the Wire

1 in 4 Brits struggle to cancel subscriptions, Recharge.com offers solution

Thursday, September 18, 2025 — 15:58:44 (UTC)

London, United Kingdom | 18th September 2025 - Subscription services should be flexible, but for millions of UK consumers they’ve become financial traps. A new survey by research firm Opinium, commissioned by Recharge.com, reveals that 23% of UK adults failed to cancel a subscription in the past year, leading to an average loss of £123.40 per person.

The challenge is particularly clear in fast-growing markets such as gaming, where subscription services like Xbox Game Pass have become central to how players access content. With over 100 million subscribers signed up to access this and other gaming portals, this payment model is transforming entertainment, yet the difficulty of cancelling unwanted subscriptions means many consumers end up paying for services they no longer use.

Younger consumers and lower-income households are hit the hardest. According to the research, 18-34-year-olds were 163% more likely this year to face failed cancellations than those aged 35+, while low-income individuals struggled 62% more often than high-income respondents.

Younger and Low-Income Consumers Face the Biggest Losses

42% of 18–34-year-olds struggled to cancel, compared to 16% of 35+ individuals. 30% of very low and low-income respondents failed to cancel a subscription, 62% more likely than high-income respondents (19%). Average financial loss per person due to failed cancellations: £123.40. High-income individuals lost £216.05 on average, compared to £69.25 for low-income individuals.

Prepaid Cards Offer Control in a Subscription Economy

With subscription traps on the rise, consumers are seeking better ways to manage payments and avoid unwanted charges. The survey found that:

40% of prepaid card users failed to cancel a subscription, compared to 21% of non-users. Prepaid card users saw higher financial losses, averaging £254.80 per person vs. £91.10 for non-users. Median losses were £150.50 for prepaid users vs. £38.00 for non-users.

While prepaid card users currently face higher losses, they also enjoy greater financial control, ensuring no unexpected charges once funds run out.

Commenting on the findings, Günther Vogelpoel, CEO of Recharge, said: "Whether it's streaming, gaming or paying for everyday services like mobile data, subscriptions should provide flexibility, not frustration. Too often, consumers are locked into payments they no longer want or need. Recharge.com’s prepaid solutions give people the power to manage their finances on their terms with no unexpected charges and difficult cancellations. As digital spending continues to grow, prepaid payments are a seamless and secure alternative for consumers worldwide.”

This research was conducted by Opinium Research on behalf of Recharge.com, among a nationally representative sample of 1,000 UK adults. For further details on the survey results please contact press@recharge.com.

++ END ++

About Recharge

Recharge is European Leader in digital prepaid payments, seamlessly connecting global brands with their customers through innovative platform solutions. With multi-country digital storefronts like Recharge.com and Startselect.com, Recharge enables users to access prepaid payment products anytime, anywhere. The company also powers B2B digital rewards and incentives, helping businesses acquire, engage, and retain customers with Giftcloud. Trusted by industry leaders such as Apple, Google, Vodafone and PlayStation, the Amsterdam-headquartered company has been driving convenience and innovation in the prepaid ecosystem since 2010, partnering with over 1,000 brands and service providers worldwide. Recharge became part of Coda in 2025. Learn more at: company.recharge.com.

Notice to readers: These are archived articles. Contact information, links and other details may be out of date. We regret any inconvenience.

Source: Company press release.

Categories: Reports and research

skyscraper ad