How to Cancel Pocket FM Subscription & Understand Its Pricing

Pocket FM has emerged as a prominent platform for audio storytelling, offering a vast library of audiobooks, podcasts, and serialized fiction. However, many users have raised questions about its subscription model, costs, and overall value. In this comprehensive guide, we’ll delve into how to cancel your Pocket FM subscription, understand its pricing, and explore why some users find it expensive.

Table of Contents

📱 Understanding Pocket FM’s Subscription Model

Pocket FM operates on a freemium model, offering both free and premium content. While users can access a selection of episodes at no cost, full access to series and ad-free listening typically requires a subscription or the use of in-app currency known as “coins.”

💰 Subscription Plans and Pricing

As of now, Pocket FM offers the following subscription plans in India:

15 Days Plan: ₹49
1 Month Plan: ₹99
3 Months Plan: ₹199
6 Months Plan: ₹499
1 Year Plan: ₹799

These plans provide benefits such as ad-free listening, offline downloads, and early access to new episodes.

❌ How to Cancel Your Pocket FM Subscription

If you decide that Pocket FM isn’t for you, canceling your subscription is straightforward. Here’s how:

Open the Pocket FM App: Ensure you’re logged into your account.
Navigate to ‘My Account’: This section contains your subscription details.
Select ‘Manage Subscription’: Here, you’ll find options to modify or cancel your subscription.
Choose ‘Cancel Subscription’: Follow the prompts to confirm cancellation.

Please note that canceling your subscription will stop future billings, but you’ll retain access to premium features until the end of your current billing cycle.

💸 Why Do Some Users Find Pocket FM Expensive?

While the subscription plans are reasonably priced, some users have expressed concerns about the cost of accessing certain content, especially when using coins to unlock episodes.

🪙 Coin-Based Unlocking System

Pocket FM uses a coin system where users can purchase coins to unlock individual episodes. The cost per episode can vary, and some users have reported that completing an entire series through coin purchases can become quite expensive.

“A single episode, averaging only 10 minutes, can cost anywhere from 2 coins to an absurd 40 coins. With some audiobooks split into an astonishing 1,682 episodes, completing just one book could cost you hundreds, if not thousands, of dollars.”

📈 Dynamic Pricing Concerns

There have been reports of dynamic pricing, where the cost to unlock episodes increases over time or based on user behavior.

“At the time, it cost around 700 coins (about $75) to unlock where I left off at episode 1181. But when I checked again, the price had skyrocketed to 10,000 coins.”

🆓 Is Pocket FM Free to Use?

Yes, Pocket FM offers a selection of free content. Users can listen to certain episodes without any payment. Additionally, the platform provides daily free episodes and opportunities to earn coins through in-app activities like watching ads or completing tasks.

💡 Tips to Maximize Value on Pocket FM

Utilize Free Episodes: Take advantage of the daily free episodes offered by the platform.
Earn Free Coins: Participate in in-app activities to earn coins, reducing the need for purchases.
Consider Subscription Plans: If you find yourself frequently purchasing coins, a subscription plan might offer better value.

📊 Pocket FM’s Financial Overview

Pocket FM reported consolidated revenue of ₹1,051.97 crore for the financial year 2023-24 (FY24), marking an impressive six-fold increase from ₹176.36 crore in the previous year. At the same time, the company’s losses decreased to ₹165 crore, down from ₹208 crore in the prior financial year. The revenue growth was reportedly driven by subscription revenue from micro-transactions, which came in at ₹934.73 crore in FY24, up from just ₹160 crore the previous year.

📝 Conclusion

Pocket FM offers a diverse range of audio content catering to various interests. While the platform provides free content, accessing the full range of episodes, especially through coin purchases, can become costly. Understanding the subscription model and utilizing available free resources can help users make informed decisions and get the most value from the platform.