Recently, when I tried to buy hosting space from Godaddy, I landed up in a page stating, “There was a problem authorizing your credit. Please verify your payment information or use an alternate form of payment.” after I provided my credit card information.
There was no further information on the reason this could have happened. I have been using the same card on GoDaddy and have made at least 10 purchases and my credit limit was still more than $800.
I googled this issue and found that similar issues have happened with people using paypal but not credit card. Anyone who has had similar issues please let me know.
Update: After five interactions with various GoDaddy support engineers none was able to help me out. Instead they mentioned that my credit card had an issue and to get in touch with my bank. [HSBC]
Guess what? It turned out that the issue was a Firefox issue. I used IE and the transaction completed smoothly. Please try using IE. I still love Firefox though 
!!