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Why do I see Recurly name on my bank statement?

Trace+ is using a third-party service provider for the its billing services: “Recurly”, exploited by Recurly, Inc. located at 400 Alabama Street Suite 202, San Francisco, CA 94110, United States. Thus, the “Recurly” name appears on your bank statements, instead of the Trace+, since Recurly is their authorized vendor.

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