Let`s say you`re a restaurant that serves a local office every two weeks. If you have registered an authorization form, you know that whenever this office calls for a delivery, you can unload it from its card. They don`t need to go back and forth on the payment method they want to use or have them signed every time for the fee. But recurring settling of accounts is not the only situation where the authorization form is useful. You can also use a credit card authorization form to make a deposit for the future purchase of goods, services, or incidentals. It is a violation of PCI standards to register a customer`s CVV, which means there is no room for it. If you want to enter a payment manually, you must request the CVV directly from the seller each time you enter the card. If you`re using Square`s Card on File feature, you don`t need to manually enter the CVV. PCI compliance standards require all companies that process credit card information to „limit physical access to cardholder data.“ Be sure to keep cardholder data secure by keeping completed forms in a secure space or file cabinet and limiting access to only those employees who need it to fulfill their business obligations. As the backbook windows may vary, we recommend that you keep all signed authorization forms for up to two to three months after completing the back charging of the card. If you`re using Square, you can also store this card information via the „Map in File“ feature (see above).
But retrobooks can cause big problems for businesses, largely because controversial funds are held until the card issuer decides what to do. Retrobooks also take time for businesses and involve a lot of paperwork. Square offers two free generic credit card authorization forms to download. You don`t need to process payments with Square to use these templates. Credit card authorization forms are a proven method for merchants. Although it is not prescribed by law, you should ask your lawyer when he would propose to use one. You can use these forms as they are or edit them to save your company name and logo or a specific language related to the use of the card. Maybe you`d like to talk to your lawyer about the type of language your business should include on the form.
A credit card authorization form is a document signed by a cardholder that authorizes a merchant to charge their credit card for a period written in that document….