"payment authorizations" limit the credit you have
left on your credit card.When
I clicked the checkbox I thought I was
authorizing the registrar to charge me
when
the name was successfully registered.
I think now what I was actually
authorizing
was the placement of a "payment authorization"
on my credit card.
What happened to me is that on one credit card
one registrar made a number
of "payment authorizations"
until 1/3of the credit limit was used up. At
that time
the credit card company put a "security lock" on
the card causing
any subsequent "payment authorizations"
by the same and other registrars to fail.
On
another card, I agreed to the registrar putting
a "payment authorization" on
any name I submitted.
My stupidity. The registrar put payment authorizations
on 2-character names, country names, names taken in
Sunrise, etc. I
think what should have been a "payment
authorization" of about a $1000 turned
into $5000 -
wiping out the available credit on the card and making it
unavailable
for other registrars to whom I had given the
credit card number.
Steve Feibish