Auto-renewal & Grace period

Auto-Renewal is a feature that allows a subscription to a service to be automatically renewed at the end of the current period without the need for manual renewal.

How does auto-renewal work in HASH7?

If the user has sufficient funds in their app balance and the auto-renewal feature is enabled, the subscription will be automatically renewed, and the amount will be deducted from the app balance. If there are insufficient funds, the renewal will not proceed, and the user will receive a reminder to renew their subscription.

In case the subscription payment is missed, a 3-day grace period is provided. During this period, the user retains access to all app features and continues to receive trading rewards.

When renewing an annual subscription during the grace period, the days spent in the grace period will be deducted from the total subscription duration.

If the subscription is not renewed within the grace period, access to the app's features will be revoked, and the accrual of trading rewards will stop.