Does anybody else do this?
Just Checking
Forum Discussion
It's somewhat antiquated, but harmless. The $1.00 is only an authorization and drops off your account when no sale is processed. You only see it when using a debit card because it affects your available bank balance, much like when you use your debit card at a self service gas pump. Consumers don't have visibility to authorization activity on credit cards.
There are newer, better tools such as account updater tools from the card brands that let you scrub a recurring billing file prior to the billing run. When a bank issues you a new card for renewal or a new number for lost-stolen, the account updater file is updated.
If your account was replaced since last year, the $1.00 auth only tells GS that your previous account is no good and that they need to contact you for the new number. The account updater actually gives them the new number since you authorized recurring billing to that account.
Like GS in general, a little behind the times....
There are newer, better tools such as account updater tools from the card brands that let you scrub a recurring billing file prior to the billing run. When a bank issues you a new card for renewal or a new number for lost-stolen, the account updater file is updated.
If your account was replaced since last year, the $1.00 auth only tells GS that your previous account is no good and that they need to contact you for the new number. The account updater actually gives them the new number since you authorized recurring billing to that account.
Like GS in general, a little behind the times....
