As a business owner, you are facing some risks when taking payment through a credit card without the card being physically present. Create a credit card authorization form to protect your business.
Last Update September 9th, 2021
FAQs About Credit Card Authorization Forms
If you’re still having doubts about beginning your own credit card authorization form, there’s no need to worry. Read through our frequently asked questions to clear up any remaining questions and get started with your own form today.
What Is Card on File?
A card on file, also known as a card-on-file transaction, occurs when a cardholder authorizes a merchant to store their payment details. This also authorizes these details to be used for future purchases.
How to Fill Out a Credit Card Authorization Form?
A credit card authorization form can be filled out using an online template. It must be created in a written format and printed by the merchant. Once it has been completed, it must be filled out and signed by the cardholder.
What Are the Advantages of Using Credit Card Authorization Forms?
There are various advantages to using credit card authorization forms. The most relevant of these are listed below:
Decreases fraud and chargebacks
Creates a positive reputation for your business
Builds consumer trust
Increased payment efficiency
Why Use a Credit Card Authorization Form?
A credit card authorization form can be used for numerous different reasons. The most notable of these is to minimize fraudulent activity and to protect your business from chargebacks. However, it also helps build confidence with your customer base.