Currently Being ModeratedSep 20, 2013 6:48 AM (in response to centari936)
This article contains information about the credit card authorizations the iTunes Store processes when you update your billing information:
As with many other merchants, the iTunes Store and Mac App Store places an authorization hold on your payment card account for the approximate amount of any purchase you make. Similarly, if you update your billing information, the iTunes Store or Mac App Store will place an authorization hold on your payment card account, usually in the amount of 1 USD, to verify your account information.
You might see such authorization requests on your online statement. These requests are not actual charges; they are tests to confirm that your payment card account is active and has available funds to accommodate transactions. Authorization holds are removed by your financial institution shortly after your purchase clears. The amount of time it takes to remove authorization requests varies by financial institution.
To review the actual charges on your account, you may review your iTunes Purchase History. You will be prompted to enter your iTunes account name and password. Note that Mac App Store web order details can only be seen in the iTunes purchase history. Your Purchase History will display your most recent purchases first. To view details of any purchase, click the arrow to the left of the order date.
If you notice any charges that you did not make and were not authorizations, you can report these by following these instructions:
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