[mrkmcknz]

So I had some pretty angry thoughts after hearing this. I mean this is seriously unethical and immoral and I'll be extremely surprised if this approach stays after what seems to be an increasing amount of public pressure.

The fact some well known VC's pile a ton of money into this does not surprise me one bit. The company is making money and to be fair they do explain it pretty clearly IF YOU GO LOOKING. What they're doing isn't illegal. However, more should and could be done online to protect people from bad practices such as these.

CC companies do offer a form of protection through chargebacks, and over here in the UK whenever I have needed to dispute a transaction the mere mention of 'chargeback' usually kicks the retailer into shape.

One company I have HUGE respect for is TeamTreehouse, I mean look how they manage a subscription service[1]. Best practice indeed.

[1] http://cl.ly/image/0u0B1t313e3P