Get Simple Credit Card Authorization Form

In the transaction process, a credit card network receives the credit card payment details from the acquiring processor. It forwards the payment authorization request to the issuing bank and sends the issuing bank's response to the acquiring processor.

A credit card authorization form is a legal document. The cardholder signs it to grant permission to the business to charge their debit or credit card. You can use it for a single transaction or for recurring charges on the card. The signed form helps safeguard your business from chargebacks or any financial problems.

Identify yourself by yourself as accurately as possible. Introduce the person or entity to whom you wish to grant authority. Mention their name, their ID number, and how they relate to you. Specify the scope of the authority, that is the allowed actions.

Write clearly and concisely and remember to mention that it is an authorization letter. Clearly state that the person is authorized to perform the task and the reason for it. State the arrangements you have made to help the authorized person carry out the specified task.

To add an authorized user, contact your credit card issuer by phone or by logging on to your online account. The card issuer will need the authorized user's personal information, including their name, address, date of birth, and social security number, to process the request.

A credit card authorization can last between 1-30 days, depending on when the merchant charges the account or lets the hold fall off.

PCI compliance standards require that all businesses that process credit card information restrict physical access to cardholder data. Be sure to keep cardholder data safe by storing completed forms in a secure room or filing cabinet, and restrict access only to employees who require it to fulfill their job duties.

Definition: Credit card authorisation is an approval from a card issuer, usually through a credit card processor, that the customer has sufficient funds to cover the cost of the transaction. It can also refer to the procedure of acquiring that authorisation from the issuer.

Set up a merchant account at your bank or another financial institution. Set up a payment processing account. ... Register with a payment gateway service and install additional gateway software as required.