Credit Card Authorization Form and Things to Know Inside It
Do you ever hear about the credit card authorization form? Well, this kind of form includes in the very important document for the business owner. When you are a business owner, of course you may apply the payment with the credit card. However, when the car isn’t physically present, there will be big risks.
One of the biggest risks that you need to know is the chargebacks. Well, it is the reason why the form of credit card authorization is needed. By using this form, you are able to do authorization of the credit card, so the risk of it could be decreased well.
In other hand, you also need to know that this kind of form is an official document. Since it is important, here we will talk about some matters of it that will make you know more about it.
Basic Elements of Credit Card Authorization Form
Based on the explanations before, we may see that the form of credit card authorization is important in order to help you decreasing the risks in using the credit card. However, before you do the authorization, there are some basic elements of it that you need to know.
There are some kinds of the basic elements that will bring you find the easier ways in making the form. Kinds of basic elements to know are:
- Details of the cardholder – this matter includes the full name of the cardholder and the address of billing. In other hand, it also includes the contact information of the cardholder
- Details of credit card – this point tells about the type of the credit card, such as Master card, Visa and other. Then, it also tells about the number of credit card, expiration date and the security code
- Business information of merchant – this point tells about the name, address and the information of contact of your business
- Statement of authorization – it is the important point inside the form of credit card authorization. This point tells about the type of transaction, whether it is single or recurring.
- Signature of cardholder – since the form is a legal document, it should be validating. That is why you need to accept the form by adding signature there.
Types of Credit Card Authorization Form Template
As we have said before, the form of the authorization of credit card is quite important. Well, you may make a template in order to help you in making the form. Talking about the template, there are some types of the form that you need to know.
The types of it with a brief explanation are:
- Standard credit or debit card – it is the basic and simplest template to use. Here, you could use this template for universal needs
- Recurring payment – it is a good template that is specifically designed for the recurring payment. Here, when you want to charge a recurring payment to your customers, you can use this form
- Blank form – it is the useful template of the authorization form. Since it is a blank form, you are able to use it for many purposes
Well, that is all about the credit card authorization form that you need to know. It will be good when you do some researches in order to find the sample of it.