If you’ve landed on this page, you already enjoy various benefits and perks the Amazon Prime subscription service offers, but you are worried after viewing ‘Amazon Prime PMTS’ on your bank statement.
So, what exactly is ‘Amazon Prime PMTS‘? And why does it appear in the bank statement? Is it something to worry about? We will answer these questions in this article. Let’s get started.
What is Amazon Prime PMTS?
If you are an active Amazon Prime subscriber, you may see a transaction named ‘Amazon Prime PMTS’ on your bank statement.
The ‘PMTS’ in the transaction record stands for Payments, which means Amazon Prime Payments. So, if you see Amazon Prime PMTS in your bank statement, it’s clear that you have been charged for Amazon Prime services.
Amazon Prime PMTS appears in the Bank Statement
While purchasing an Amazon Prime Subscription, you are asked whether you want to set recurring payments. If you set auto-renewal or recurring payments on the checkout page, your account will be charged without manual approval.
The same applies even when using an Amazon Prime Free trial. If you don’t cancel the free trial before its end date, Amazon will automatically charge your connected means of payment.
Once charged, the transaction named ‘Amazon Prime PMTS’ will appear in your bank statement. You may see this every month on your bank statement if you have selected a monthly plan.
Amazon Prime PMTS – Other Unknown Amazon Payment Charges
Amazon Prime PMTS may appear in your bank statement for a few other reasons as well. Apart from the monthly/yearly Amazon Prime payment, you may see a transaction from Amazon on these events:
- You’ve purchased a digital service from Amazon Prime.
- You may have purchased an eBook from the Kindle Store.
- The unknown charge could be a bank authorization.
- The unknown payment charge could be an Amazon Pay transaction.
- A gift order is shipped.
- Amazon Prime Membership Fee
If you are using an Amazon Prime free trial, your linked payment method will automatically be charged when the free trial ends. So, if you forget to end the free trial, you must pay these membership fees.
Current Amazon Prime Membership Pricing:
- $14.99 per month
- $139 per year
- Prime Video is $8.99 per month.
Current Amazon Prime Student Membership Pricing
- $7.49 per month
- $69 per year
It’s important to note that Amazon keeps changing its Prime Membership pricing from time to time.
How to Cancel Amazon Prime Membership (Desktop)
To avoid seeing Amazon Prime PMTS on your bank statement, it’s best to cancel the Amazon Prime Membership.
If you cancel the Amazon Prime Membership before the time, you can still use the service until the billing cycle ends. You need to follow these steps to cancel your active Amazon Prime subscription.
- Open your favorite web browser and visit Amazon.com.
- Sign in to your Amazon account and click the Account & Lists drop-down.
- On the menu that appears, select Prime Membership
- Click the Update, Cancel, and More option on the Prime Membership screen.
- Click on the End Membership button.
How to Cancel Amazon Prime on the Mobile App?
You can cancel the Amazon Prime subscription from the mobile app as well. Here’s how to cancel a Prime Subscription from the Amazon mobile app.
- Open the Amazon app and log in to your account.
- Tap on the hamburger menu at the bottom right corner.
- Tap on Accounts > Account Settings.
- On the Account Settings, tap on the Manage Prime Membership.
- Tap the Update, Cancel, and More.
- On the next screen, tap the End Membership option to cancel your Prime subscription.
How to Cancel Subscriptions on Amazon?
Those who can’t afford a Prime membership can purchase services from Amazon on a stand-alone basis. For example, for movies & TV shows, you can purchase Prime Video individually instead of a full Prime Subscription.
If you have purchased subscriptions on Amazon, cancel that as well to avoid the Amazon Prime PMTS from appearing on your bank statement.
- Open your web browser and then the Memberships & Subscription page.
- Sign in to your Amazon account and scroll down to the subscription you want to cancel.
- Click on the Settings button for that subscription.
- Click on the Cancel Membership link.
That’s all from us regarding what Amazon Prime PMTS is and why it’s appearing on your bank statement. It’s a fair transaction entry appearing because of Amazon Prime Subscription charges.
The post What is Amazon Prime PMTS? (Explained & All Details) appeared first on TechViral.
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