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When that happens, Steam will ask you to verify the card. (= make sure it's your credit card)
To do that, steam will add two small transactions to your credit card, and you should then login to your bank, find and write down the two amounts.
Then return to Steam and input the two amounts on the verification page.
Steam will then know that the credit card you use is really yours (because a credit card thief will not have access to your internet bank, and cannot see the two transactions)
The two transactions will be removed from your credit card after a few days.
I'm talking about the part where during the process, it sends me two mock payment messages, and I am required to type the amounts given to me into the two sections that ask for it.
Once I reached that part and read what it wanted me to do, I didn't expect it to actually charge me. Apparently that's just the verification hold, or as Joke put it, that the two transactions will be removed after a few days.
I was confused and it seemed sketchy, but I'm fairly certain you all provided me with sufficient information.
Thanks for all of the help.
If you need some more clarity on how the credit card verification works