While today marks the release of The Daily, the first newspaper designed specifically for the iPad, it actually marks a much more significant shift for Apple’s iOS platform. The Daily is also the first iOS App to feature native subscription billing, integrated with the iTunes store just like the in-app purchases that have been around since iOS 3.x was released back in 2009.
Apple updated the iTunes store terms and conditions just a short while ago with some of the finer details of how it all works.
Like most content in the iTunes Store, and like most Apps in the App store, subscription content sales are final, and there are no refunds.
Once you authorize the subscription, it will automatically bill you 24 hours before the next subscription period starts. Read more