Monthly charges are usually deducted in the first week of every month. However, some transactions may fail due to insufficient funds at your end/other reasons.
In such cases, the procedure is repeated after a week and if this fails, then it is repeated in the middle of the month. At this point, an email is sent out to inform the account holder that the transaction did not go through or that the correct/updated credit card information is required. The final attempt is made in the last week of the month. Subsequent to this, the account(s) of the cardholder whose transactions was unsuccessful is canceled.
Note: The deductions appear under the head 'IBACKUP.COM PRO SOFTNET 800-949-3555 CA' on your credit card statement. |