Current location - Trademark Inquiry Complete Network - Overdue credit card - What does it mean that a $0.05 pre-authorization will be initiated to verify the account?
What does it mean that a $0.05 pre-authorization will be initiated to verify the account?

There is no payment, it is a credit card pre-authorization business.

: Credit card pre-authorization is a new type of transaction. Generally speaking, it is a form of advance payment, which can be understood as a "deposit". To put it simply: Credit card pre-authorization means that the merchant freezes a portion of the cardholder's funds before the cardholder makes a purchase. After the cardholder signs the payment, the merchant can officially deduct the funds.