The domain of entertainment in form of streaming nowadays is disputed by a select few companies. Netflix, of course, is one of the main players. With its almost infinite catalog of movies, series, documentaries, original creations, etc., the company is probably the most famous streaming service on the market these days.
Sided only by Amazon Prime and having Disney+ in the rear-view mirror, Netflix keeps launching outstanding content with excellent audio and video quality. The practicality of taking your streaming sessions everywhere with the mobile app also aided Netflix to maintain its position among the top platforms in the world.
The success of Netflix is so huge that users are even purchasing Smart TVs just to have the chance to enjoy it.
Netflix users are, however, enquiring about which name the company uses on bank statements. As it has been mentioned by several users, sometimes they cannot exactly tell which charge is Netflix’s on their bank statements.
If you are also facing the same difficulty or are just simply curious about it, check the set of information we brought you today.
How Does Netflix Show Up On Bank Statement?
Netflix has no control over what name their subscriptions are charged on users’ bank statements or credit card bills. That decision lies entirely with the banking institution, which means the name Netflix has on these documents may, and should, vary from bank to bank.
The billing process is performed by the bank, not by Netflix, which simply identifies the payments in order to keep the service up and running. This is the reason why subscribers can suddenly lose signal as the service goes down.
Being a subscription-based service, all Netflix requires from users is the payment of their monthly fees to deliver the streaming service. Of course, here we are not addressing the technical aspects such as an active internet connection and a device to stream the content through.
In this regard, the relationship between Netflix and the user is restricted to payment from one side and service provision from the other.
Also, Netflix is not a banking institution, but rather a simple streaming platform, which means they have no control over how users pay their subscriptions. By all means, for Netflix, every user could even make their way to the bank with coins every month to pay their subscriptions.
It really doesn’t matter to Netflix how you pay your monthly fee, only that you pay it. So, since the payment aspect is restricted to the relationship bank-subscriber, it is for the bank to decide how users are able to pay.
Now, most users prefer paying their Netflix, and for that matter, even other services, directly with their credit cards or direct debit due to their practicality. Imagine having to remember every same day of the month that you have to go to the bank, face a queue, and finally pay for your Netflix subscription.
Users simply opt for the easiest form of payment and let the bank do its part. The banking institution, in turn, charges the monthly fee under the name that is more convenient for them.
Surely, banks want clients to understand what they are paying for, so they tend to go for the most obvious name possible. There are laws that protect clients from being overcharged, which leads banks to work with as much transparency as they can.
In the case herein, it means they will try to have ‘Netflix’ billed on your credit card or show up on your bank statement with a name as close to the original as possible. So, some banks use “Netflix.com” and clients of these banks have no difficulty in identifying their subscriptions on these documents.
Other users identify it by the amount paid, even when their Netflix subscription doesn’t appear on their bills under that obvious of a name. Netflix always charges the same amount every day of every month, unless there is a change in your plan, or in their service fees.
So, this is also a good way to identify the payment of your Netflix subscription on bank statements or credit card bills. Now, should you have more than one payment with the exact same value and none have names that resemble Netflix, then you might want to consider contacting your bank.
Users that pay their subscription fees through PayPal have mentioned reading the name “Netflix.com,” followed by the name of the city where the subscription was made. That can also be quite useful since not many other payments give the name of the city.
So, there are many ways to identify the name under which your Netflix subscription payment is showing up on your bank statement or credit card bill. In case it gets too hard, head to your bank and get it changed.
What If I Use Netflix Through Comcast?
For users who enjoy Netflix’s exquisite content through other services such as Xfinity, X1 TV, or any other, there is a difference regarding the name on their bills as well. As mentioned by users of these kinds of services, Netflix subscriptions come under the name of “Other Service Providers” .
Sometimes, users of these kinds of services have more than one extra subscription, and they should all figure amongst the “Other Service Providers”, which may not be so easy to figure out.
Some streaming services have prices that are really similar to Netflix’s and, since they are all in the same section of the bill, it may be hard to pinpoint which are the exact charges related to a Netflix subscription.
However, once again, Netflix charges the same value on the same day every month. That means, even if all your other subscriptions show up in the same section, the day of the month on which your Netflix subscription started will be written right next to the name that it is figuring on the bill.
That should help users identify which payment is related to Netflix. Also, Netflix usually offers the first month free of charge as an incentive for users to subscribe to their streaming service.
So, keep that in mind when you receive the first bill after the subscription and see that the name under which Netflix is on your bill will have a $0.00 amount next to it.
In A Nutshell
It may not always be such an easy task to pinpoint which name on your bank statement or credit card bill is referring to Netflix. Since it is up to the bank to decide the name Netflix will have on your bill, it may change from bank to bank.
However, you can always contact your bank and ask them for the information in the event it is not so clear to you.