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Why did I see a $1 authorization hold for Essentrics TV?

Why a $1 authorization hold appears for Essentrics TV.

When you register for your free trial, a $1 (+tax depending on your location) authorization hold will be placed on your card. After your free trial expires, this hold will be refunded to your card and you’ll be charged the full price of Essentrics TV as listed.

Charges on your card will appear as OTT*ESSENTRICSTV.