A credit card authorization form is a formal document used by the cardholder to approve a charge to their credit card for one-time during a particular period of time. By using the cardholder’s written consent and credit card information, this form allows the third party to make a payment.
Furthermore, this form is used for two key functions. The first one is to authorize a business to charge a credit card without the physical presence of cardholder. Second, it assists in preventing unwanted or fraudulent chargeback that may deform the relationship among the merchant processor and the business.
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Different types of credit card authorization forms:
There are different types of credit card authorization forms that you can use for different purposes;
Airline credit card authorization form
This type of credit card authorization form enables a passage to pay for their flight ticket by finishing and signing the form. This form is used by individual or an organization in order to pay for a flight ticket on behalf of someone else.
Hotel credit card authorization form
As its name implies, hotels use this type of credit card authorization forms for guests who do not have their physical credit card at hand. These guests have a written and signed authorization from the credit card holder that authorizes them to use the credit card to stay at the hotel.
1-time ACH authorization
It is issued by the cardholder to provide authorization to a merchant or company to deduct a single payment from their credit card.
Recurring ACH authorization
This form is used to grant permission to a company, merchant, or property owner to deduct recurring payments from a client’s credit card as agreed upon.
Recurring credit card authorization
A cardholder makes this form to authorize a business to charge them for recurring payments. It is also known as a “card on file” transaction.
1-time credit card authorization
As its name implies, it is used to authorize a single transaction. This type of authorization does not require a lot of information.
How do you make a credit card authorization form?
Here are the steps to create a credit card authorization form;
Make a template
At first, you have to make a template by using any software. You just have to provide a copy of template to the several customers and ask them to give the required information.
Providing customer and merchant’s information
Next, in the credit card authorization form, you have to provide both the customers’ and merchant information. This section includes the following information;
- Cardholder’s name
- Merchant’s name
- Amount to be charged
- Date of authorization
- Description of goods or services
- Merchant’s business information
Transaction type
This form describes both the customers’ and merchant information. It should indicate whether the transaction is a recurring charge or one-time charge.
Billing information
This item includes the following billing information;
- Billing address such as city, state, zip code, building number, street name/number, and unit number.
- The client’s contact information such as phone number and email.
Method of payment being authorized
Here are the two common payment methods;
- Bank (ACH): The following information should be captured on the form when billing a client via bank;
a. Checking/saving
b. Name on account
c. Bank name
d. Account number
e. Routing number - Credit card: If the payments are to be made via credit card then capture the following information;
a. Type of card
b. Cardholder’s name
c. Card number
d. Expiration date
e. CVV
Acknowledgment statement
Providing an acknowledgement statement is the last step. It states that they approve of the charges that are to be made on their credit card.
Registration and Credit Card Authorization Form
Authorization to Charge Credit Card Form
Credit Card Authorization and Consent Form
Credit Card Approval and Signature Authorization Form
Credit Card Authorization Release Form
Credit Card Payment Authorization Form
Credit Card Authorization Consent Form Template
Free Credit Card Authorization Form
Authorization For Credit Card Use Form
One Time Credit Card Payment Authorization Form
Credit Card Recurring Payment Authorization Form
Conclusion:
In conclusion, a credit card authorization form is a formal document used by the businesses to limit chargeback and disputes that may deform their relationship with both the client and the card processing merchants.