Who has never purchased a subscription on a whim, taking advantage of a free trial period, to watch a series, a movie or a football match, before forgetting it a few days or weeks later?
According to an Ifop survey for Papernest (study carried out in September on the Internet on a national sample of 1,000 individuals, aged 8 and over, representative of the French population), which we reveal, 65% of French people do not know precisely recurring charges, linked to subscriptions, which weigh on their monthly budget.
Between insurance, electricity, gas, Internet box, streaming platforms (Netflix, Prime Video…), music (Spotify, Apple Music, Deezer…), mobile plans, transport, near two-thirds of those surveyed estimate that they have an average of ten monthly contracts and subscriptions.
There is something to get lost in.
“And yet, that represents several tens or even hundreds of euros per month!
The most unfortunate thing is that some are no longer even used, but individuals do not terminate them because they have forgotten them, ”says Charlotte Marchal, spokesperson for Papernest.
18% of respondents do not terminate due to "lack of time"
The start-up, first specialized in the management of expenses related to housing and moving, offers to take care of it. By aggregating your bank account, the application scans all of your expenses and highlights those that correspond to subscriptions. Other fintechs, like Origame or Ideel, offer the same type of services. "Then you can ask to terminate them and we take care of it for you, free of charge", boasts Charlotte Marchal. Papernest is remunerated via a commission if you change contracts to take another one through it. For example, if you choose another energy supplier on the advice of the start-up, or another home insurance contract.
The market can prove to be promising.
According to the study, 63% of respondents think they could save money with better management of their recurring charges.
Papernest estimates that they could amount to "400 euros per year, on average"!
“There are sometimes offers that are less expensive than those that have been taken out,” notes Charlotte Marchal.
The problem is, individuals find it difficult to really look into it.
The proof, 18% keep a subscription because they "lack time" to cancel it, a third party forgets their existence or even 31% consider the cancellation process too complicated.
Hence the need, well felt by Papernest and the other fintechs, that a third party or a company take care of it for you.