Client Credit Card Authorization Form

Credit card authorization forms are very important. If you are a business owner, you can accept credit card payments. But if the card is not physically present, there is some risk. But chargebacks can cause big problems for businesses, largely because controversial funds are kept out of business until the card issuer decides what to do. Chargebacks also take a lot of time for businesses and require a lot of paperwork. One of the biggest risks is chargebacks. Fortunately, you can protect yourself from such risks. Ask your customers to sign the credit card authorization form. This means that the credit card holder gives you their consent to charge their card. Use DocuSign Payments instead of credit card authorization forms for many common types of agreements. DocuSign customers use electronic signatures and payments for: Recurring Credit Card Authorization – The use of a person`s or company`s credit card for a charge that is repeated in a timely manner (usually monthly). Credit card authorization forms aren`t as complicated as they seem. A credit card authorization typically includes the following: the cardholder`s credit card information, which includes the type of card (e.B.

Visa, Mastercard), the card number, the name on the card and the expiry date of the card; the cardholder`s billing address; Merchant`s commercial information; an authorized statement, including the cardholder`s name and business name; the language used to authorize the Merchant to charge the Customer`s deposited card; the name and signature of the cardholder; and the date. A credit card authorization form must be signed and dated for it to be considered valid by the relevant banks. If you decide to use this free credit card authorization form, all the required items listed above are already available in the template. To make the form more personalized for your business, all you have to do is customize the form to meet the exact needs of your business using our drag-and-drop form builder. You can even upload your merchant or bank logo to give it a more professional touch! And you don`t even need to code to make changes to the credit card authorization form template. PCI compliance standards require all companies that process credit card information to "restrict physical access to cardholder data." Be sure to protect cardholder data by keeping completed forms in a secure room or filing cabinet and limiting access only to employees who need it to perform their business duties. Since chargeback windows may vary, we recommend that you keep all signed authorization forms for up to two to three months after you stop reloading the card. Alternatively, if you`re using Square, you can save this map information using the Map to File feature (see above). A credit card authorization works slightly differently than an authorization form because it temporarily withdraws funds from the customer`s account as a pending transaction and ensures that the customer has the money in their account to make the purchase. The authorization can range from $1 to the total amount, depending on the situation.

Use the PDF, Word, or ODT button that corresponds to the preview image on this page to open this document, and then save it to your computer. Make sure you have your account information handy when you fill out this form, as it needs to be displayed accurately. Credit card authorization forms are used for a variety of purposes and offer many benefits to the cardholder and the organization receiving the authorization. First, using these forms helps businesses make more efficient recurring or deferred payments. By simultaneously collecting customer and payment information, including card details, contact details, etc., the company can reduce emails or phone calls with its customers and seamlessly obtain the information needed to arrange online payments. It helps automate an otherwise manual process, which means the company spends less time on paperwork and can spend more time growing its business. Another benefit from the company`s perspective is that it can use its signed credit card authorization forms to reduce and challenge chargebacks. If a customer tries to use chargebacks to scam a business, the company already has a pre-signed document in the files stating that it had the right to charge the customer`s card as it did to legally protect them from losing their money. From the customer`s perspective, one of the benefits of signing a credit card authorization form can be the assurance that the cardholder`s information is stored online securely, especially if the authorization is processed on JotForm, which protects the cardholder`s data with PCI compliance, GDPR compliance, CCPA compliance, and other advanced security measures. With all these benefits in mind, a credit card authorization form is the way to go if you`re processing recurring or future payments for your customers or donors. .