Why Do I See a $1 Charge on My Card When I Renew?

When I pay for my membership or renew, I see a $1.00 charge on my statement. What is that.

The $1.00 “Verification” charge shown above is how the credit card system validates that your account is a valid account. The system automatically voids that transaction.

The 1.00 is posted during the approval process as pending.  However, once the charge is approved the $1.00 is voided.  If you are looking at your statement online, the charge sometimes hangs there until your financial institution removes them.