Is FORMULA INC fraud?

• Subscription Fees: Many users report being charged for monthly or annual subscriptions that they may have signed up for, often without realizing it.
• Trials Turning into Paid Subscriptions: Some users have mentioned that free trial periods automatically convert to paid subscriptions, resulting in unexpected charges.
• In-App Purchases: Charges can also come from in-app purchases made within the Formula Inc. applications, which some users might overlook.
• Service Fees: Users have noted that service fees for specific features or enhancements to their accounts may result in additional charges.
• Account Upgrades: Upgrading to premium features or different tiers of service has led to additional charges for some customers.
• Mistaken Authorizations: There are instances of users mistakenly approving charges due to confusion over the payment process on the website.
• Multiple Accounts: Users managing multiple accounts have reported confusion, leading to charges on accounts they forgot about or did not intend to use.
• Currency Exchange Fees: International users have faced additional charges related to currency conversion and transaction fees.
• Failed Cancellations: Some customers have experienced difficulties in canceling their subscriptions, leading to ongoing charges despite attempts to terminate services.

If you see this charge and aren’t expecting it, you have various options.

First, try to contact the formula.com via one of the support methods we listed below and inquire about the charge. See if they will refund it and cancel any associated subscriptions you might have.

If the formula.com refused to issue a refund or you cannot get in touch with the company, call your bank or financial institution and open a credit card dispute. Record screenshot evidence from your prior conversations with formula.com, and use that to open your credit card dispute. Tell your bank or credit card issuer that you do not recognize the charge and do not recall signing up for the service.

If this sounds like too much of a hassle, you can have Chargeback do it for you.

Chargeback is an independent consumer resource that provides educational information to help users understand how to cancel, manage, or request refunds for various subscriptions. We are not affiliated with, endorsed by, or sponsored by any of the companies mentioned on this site. All trademarks, logos, and brand names are the property of their respective owners.

The information we provide is based on publicly available sources and user reports and may contain inaccuracies or become outdated over time. Our guides are intended for general informational purposes only and should not be relied upon as official company instructions or legal advice.

Consumers are solely responsible for reviewing their own contracts, terms of service, and refund or cancellation obligations before taking any action. Nothing on this site should be interpreted as legal, financial, or contractual guidance.

Chargeback does not encourage or condone disputing valid charges, misrepresenting transactions, or taking any action that could violate a company’s terms, service agreement, or applicable laws. We promote fair, transparent, and lawful communication between consumers and businesses.