The credit card authorization form authorizes your business to automatically receive payments from your customers` accounts in predefined amounts and frequency, giving permission to pay. With JotForm`s integration with over 30 payment processors, your customers` billing information is stored only between them and the processor and is fully protected. 6 – Show your intention to authorize the defined payment information There are a number of situations where you need a credit card authorization form. This is important if you do not have access to the credit card when you process the transaction. Here are some scenarios in which you can use such a template: Square offers two free generic credit card authorization forms to download. You don`t need to process payments with Square to use these templates. An automated clearing house (ACH) authorization is a payment that gives a business permission to debit a customer`s bank account for payment. This form contains a signed agreement to debit a current or savings account. In contrast, a credit card authorization gives permission to charge the credit card account.
These documents are tasked with proving your intention to allow another person to use one of your accounts to pay a bill. Such authorisation should be made by clearly distinguishing the frequency with which such payment may be made. If the payment you`re authorizing is a recurring payment that your account needs to pay automatically each billing cycle, check the “Recurring Charges” box. If you want the payment you authorize to be made only once and using this form, check the “One (1) Time Fee” box. Note that this means that after this payment, the approved party will no longer be able to submit the same payment with this authorization at any time in the future. More information gives companies more security and validation, but consider the impact of collecting this information on the customer experience. While someone buying a car is willing to provide all this information, it may be overkill for a smaller purchase. The cardholder must sign the authorization form. If the form is used to approve a hotel room, it can be signed by the cardholder and faxed to the accommodation facility.
3 – Provide your choice with the requested information PCI compliance standards require all companies that process credit card information to “restrict physical access to cardholder data.” Ensure cardholder data is secure by keeping completed forms in a secure room or filing cabinet, and limit access only to those employees who need it to perform their duties. As chargeback windows may vary, we recommend that you keep all signed authorization forms for up to two to three months after you finish loading the saved card. Alternatively, if you use Square, you can save this map information using the Map as a File feature (see above). Each credit card authorization form must include the following information: Credit card authorization forms are designed to protect merchants and shoppers from fraud – but are they really that secure? Since credit card authorization forms are necessary to collect sensitive cardholder information, such as a customer`s full name, billing address, credit card details, CVV, and signature, they must ensure protection, otherwise this sensitive information could fall into the wrong hands and lead to unauthorized transactions. Online credit card authorization forms are considered much more secure than paper credit card authorization forms, which are easily accessible if not stored properly. If you choose this free online credit card authorization form, the cardholder data submitted will be automatically secured with JotForm`s PCI compliance, the highest level of security for businesses that accept credit card payments for online transactions. JotForm is also GDPR and CCPA compliant, so you and your customers can rest assured that sensitive cardholder information is protected with the highest level of security. You also have the option to encrypt your credit card authorization form, which means that you, and only you, will have access to the submissions and any sensitive cardholder information they may contain. Note that you cannot legally save a customer`s CVV on this credit card authorization form because it is a PCI violation. To learn more about JotForm security, click here. If you still have doubts about starting your own credit card authorization form, you don`t have to worry. Read our FAQ to clarify the remaining questions and start using your own form today.
To accept payments with credit card authorization, the processor needs the following information: The main risk you face is chargebacks. This is a return of money to a payer of a transaction. Chargebacks are designed to protect consumers from unauthorized transactions and fraudulent activity. In this scenario, the customer disputes fees charged to your business and asks the card issuer to waive them. A credit card authorization form allows a 3rd party to make a payment using an individual`s written consent and credit card information. This can be done either for 1x fee or recurring (weekly, monthly, etc.). This is a common procedure when a person authorizes a monthly renewal membership (e.g., gym membership, monthly rent, etc.). Use DocuSign Payments instead of credit card authorization forms for many common types of agreements.
DocuSign customers use e-signature and payments to: Do this so that the form meets your business needs and the types of transactions you make. Credit card authorization forms are very beneficial. Here are some of the benefits of using these documents: If the buyer and seller have agreed to purchase goods or services, the consent can be fulfilled. The following information is required by the processor: Chargebacks can present significant challenges for your business, as funds are held until the card issuer completes the process. This can take a lot of time and paperwork. A credit card authorization form solves this problem by ensuring that the card issuer refutes the chargeback, since you signed the authorization to charge the cardholder.