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Someone may take the information on the credit card authorization form for malicious purposes like identity theft. Not to mention signing the form for multiple transactions can damage the customer experience.
The cardholder's credit card information: Card type, Name on card, Card number, Expiration date. The merchant's business information. Cardholder's billing address. Language authorizing the merchant to charge the customer's card on file.
Typically it contains: The cardholder's credit card information: Card type, Name on card, Card number, Expiration date. The merchant's business information. Cardholder's billing address. Language authorizing the merchant to charge the customer's card on file. Name and signature of the cardholder. Date.
If you are like most businesses, you first collect signatures for new or renewed contracts and then you send a credit card authorization form with a request for payment. There is a faster and simpler way to collect payments and signatures in one easy step with eSignature and Payments.
A credit card authorization form is a document that customers (or cardholders) fill out to grant businesses the permission to charge their credit card. Credit card authorization forms are more often used for larger purchases (think cars, computers, etc.)