I called Google and they told me that the funds are still there, but that is a check to make sure you have sufficient funds for the purchase. No money will actually be taken out until it is shipped.
Same what hotels usually do when you check-in. Reserve the money from the cc and only charge when you checkout .. Only annoying is, if a company cancels an order for example but doesn't cancel the payment - it can take up to 7-10 working days for the bank to release the lock as "unclaimed".
Very annoying ..
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