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Cardholder's card information, including card type, name on card, card number, and expiration date. Your business information. Cardholder's billing address. Verbiage that states cardholder is authorizing your business to charge their card.
A credit report authorization form is a document used to give permission to an individual or organization to perform a credit report only. This form provides broad language that allows a credit report to be generated for any type of legal reason in compliance with the Fair Credit Reporting Act (FCRA) (15 U.S.C.
Loans web site and using the services ("Service") on this site, you agree to be bound by the Credit Authorization Agreement ("Agreement") below, which allows for one or more lenders and/or lending partners ("Marketplace Participants") to evaluate your credit worthiness for a loan or other offer.
Definition: Credit card authorization 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.
A credit card authorization form is an excellent way to avoid chargebacks because you prove that the customer made an approved charge. You have a much better chance of winning your case with the card issuer if you have a signed document by the cardholder authorizing you to receive payment on their card.