I vaguely feel like that would be even worse somehow.
It's strange. Sure I trust Visa and my bank with the literal fruit of my labour so far in life, but I don't think I could abide them knowing what exactly I use their financial tools to do (besides what little information a vendor chooses to share).
It probably doesn't make any difference in reality, but I just feel more comfortable with one party having full access to my funds but little to no information about how those funds are used, and another with all that usage information but little/easily revoked access to my funds.
Edit: I also think the current rigorous process around directly contesting transactions with your bank/card provider does more good than harm, and on contemplation wouldn't scrap it for ease of canceling subscriptions.
It's strange. Sure I trust Visa and my bank with the literal fruit of my labour so far in life, but I don't think I could abide them knowing what exactly I use their financial tools to do (besides what little information a vendor chooses to share).
It probably doesn't make any difference in reality, but I just feel more comfortable with one party having full access to my funds but little to no information about how those funds are used, and another with all that usage information but little/easily revoked access to my funds.
Edit: I also think the current rigorous process around directly contesting transactions with your bank/card provider does more good than harm, and on contemplation wouldn't scrap it for ease of canceling subscriptions.