Credit Card Authorization template

Description

A credit card authorization template allows a business to charge a customer’s credit card for a specified time frame. This enables the business to make recurring charges to the cardholder on a monthly, quarterly, or yearly basis. This is often used for services with periodic renewals, such as rent or gym payments. The form must be completed in writing by the business and signed by the cardholder.

As stated earlier, a credit card authorization template is used when a business needs to charge a customer without the credit card being physically present. However, this also means that the business owner runs the risk of chargebacks.

A chargeback occurs when a customer disputes a charge from the business and requests the card issuer to cancel it. This is done to protect the customer from unauthorized transactions and fraudulent activity. Chargebacks can cause major issues for a business as the funds are held during the resolution process, which can be time-consuming and require a lot of paperwork.

Having a credit card authorization template in place helps mitigate this risk. By having the customer sign the form, it serves as evidence that the customer has given permission for the business to charge their credit card. This makes it more difficult for the customer to dispute the charge and reduces the likelihood of a successful chargeback.

Item specifics

• Instant download.
• Lifetime license.
• Easy to edit, Easy to use.
• Template is 100% Customizable.