For each membership level, DrillingInfo gives you the option of either getting billed once for the entire year or being billed monthly. Usually, there is a substantial discount for yearly members.
If you choose yearly billing, your credit card will be authorized and billed when you sign up. Your account will become operational the moment that your credit card is authorized. After the first year is up, you will be automatically billed again at the same rate for the next year (unless you cancel). You can request cancelation of your membership at anytime (either on the web site or by phone). If you cancel, you will not be billed in any subsequent years and can continue using your account until your current year is up. However, you will not receive a refund for the current year.
If you choose monthly billing, your credit card will be authorized and billed when you sign up. Your account will become operational the moment that your credit card is authorized. After the first month is up, you will be automatically billed again at the same rate for the next month (unless you cancel). You can request cancelation of your membership at anytime (either on the web site or by phone). If you cancel, you will not be billed in any subsequent months and can continue using your account until your current month is up. However, you will not receive a refund for the current month.
If we attempt to bill your credit card in a subsequent month (or year) and it is rejected, your account will be automatically disabled at the end of your current billing cycle and you will receive an email (and possibly a phone call) from DrillingInfo. It is therefore important that if your credit card changes (you cancel your card, get a different card, etc), that you notify DrillingInfo.