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What does the payment status "authorized" mean?

The payment status "authorized" indicates that when we migrated our platform to new systems in November 2023, an authorization check was performed on your registered payment method. This is a standard process to ensure that future recurring payments can be processed smoothly on our new systems. It's important to understand that this authorization is not an actual charge on your account. Instead, it confirms that the payment method is valid and capable of being charged in the future. No funds have been taken from your account during this authorization stage.