First, our algorithms scan your bill and look for merchant names that we already know use recurring payments, e.g. The New York Times, Netflix, and Spotify. This method identifies 98% of your subscriptions instantly – even if you subscribed very recently.
Next, our system looks for recurring payments of the same amount to the same merchant in subsequent months. We leave out merchants like coffee shops, where you may be buying the same coffee every week but it’s not a subscription.
If you are seeing a transaction listed in your Spending which is actually a subscription, but our algorithm has missed it, you can mark it as such by clicking the grey icon to the right of the charge and then selecting This is a subscription from the drop-down menu. This allows you to easily send a request for us to cancel it for you.