When you start a Loopcloud subscription, we will temporarily charge your account £1/$1/€1 just to check that your subscription is able to renew without any issues, before your subscription is started.
This £1/$1/€1 charge is then cancelled immediately as soon as your subscription is started successfully. The charge will stay in your 'pending transactions' and then be returned to your balance, and will never leave your bank account. This is called a '1 Dollar Authorisation'.
You must have at least £1/$1/€1 in your chosen payment method in order to start your 30 day free trial.
If you have any further questions about this at all just let us know at firstname.lastname@example.org- we'd be happy to help.