You can still cancel the order and it will never be charged.

On Dec 19, 4:35 pm, Zsolt Vasvari <[email protected]> wrote:
> The 15 min period has now started, people seeing that on their
> receipts.
>
> I have decided to still honor the previous 24hr period as my app is
> impossible to evalute in 15 mins.
>
> That said, the Market team decided, in their infinite wisdom, that
> orders still don't get finalized for 24 hrs, so what happens is that I
> cannot issue a refund until the 24 hrs is up.

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