With this new "recurring billing" comes an unannounced change to the TOS.
6. We describe our fees and billing procedures at [a hotlink located at www.k2network.net], which are incorporated by reference and are subject to change at any time. All fees are stated in U.S. Dollars unless otherwise specified. All fees are to be paid to K2 Network and your failure to pay any fee due hereunder could result in the suspension or termination of your account. Upon your acceptance of these terms, we have the right to automatically charge your credit card the Account fee plus any applicable taxes we are required to collect, and you authorize us to do so. Thereafter, each time your Account comes up for renewal, we have the right to charge your credit card the then–current renewal rate plus any applicable taxes we are required to collect, and you authorize us to do so. If we are unable to process your credit card at a renewal period, or any payment is reversed, cancelled or charged back, your Account may be immediately suspended or terminated without notice. [If we make a game card ("Game Card") available and you use a Game Card to pay for your Account, the Game Card shall activate your Account for the period stated on the Game Card and, thereafter, you will either need to provide a valid credit card (in which case your credit card will subsequently be charged as referenced above) or purchase another Game Card for subsequent subscription periods, or your Account will be closed.] You may terminate your Account at any time through the Account registration process. If you terminate your Account during your initial free period, if any, your account will be closed at the end of the free period and you will not be billed. If you terminate your Account during any subscription cycle, your Account will be closed at the end of the then–current cycle and you will not be billed again unless you affirmatively reopen the Account. We do not give full or partial refunds for subscription periods that you have purchased. You will not be entitled to any refund if your account is suspended or terminated due to your violation of the terms of this Agreement.
My recommendation is to NOT PURCHASE PREMIUM until they change this or give us more information on the recurring billing.