When you’re looking at your bank statement and see a charge from Amazon that is only $1, it can be confusing. You may not remember what the charge was for, and it’s usually not explained on the statement. So why is there a $1 charge from Amazon?
The $1 charge is actually an authorization hold. It’s used by Amazon to make sure that your payment information is valid and that you have enough money in the account to cover your purchase. The authorization hold isn’t an actual charge, so it won’t show up on your bank statement as a purchase or as a fee.
Authorization holds are also used by other companies such as hotels or rental car companies. They put a hold on your account to make sure that you have enough funds to cover any charges you might incur during your stay or rental period.
The $1 authorization hold from Amazon will usually drop off of your statement within a few days, depending on the policies of your bank or credit card company. If it isn’t dropped off after a few days, you can contact Amazon customer service and they should be able to resolve the issue for you.
Conclusion:
The $1 charge from Amazon is actually an authorization hold used to make sure that your payment information is valid and that you have enough money in the account to cover any purchases. This authorization hold isn’t an actual charge and will usually fall off of your bank statement within a few days depending on the policies of the bank or credit card company. If it doesn’t, then contact Amazon customer service for assistance with resolving the issue.