It does not matter if you happen to be a service provider, a merchant, or a buyer, because when credit cards and being involved in a transaction, things can get a little risky. We have all heard many stories about customers, and sometimes even merchants making a business deal, and then giving their credit card information, only for the entire situation to be a scam by a con artist, and the victims can end up losing from hundreds to thousands of dollars. This is where credit card authorization forms come in as a means of protecting yourself.
If you have a credit card authorization form signed, then you are essentially protecting yourself from any chargebacks that the merchant or “partner” on the other side of the agreement might try to make. Basically the merchant or client will try to make hidden, recurring transactions, and if you are not careful, then it can become a problem later on, and sometimes the only way you can win in cases like these is when you happen to have a signed copy of the credit authorization form which serves as a proof of your agreement with the client that happened to have violated. If you are looking for templates for credit card authorization forms, then you can get them here.
By signing to the credit card authorization form, the credit card holder consents to a certain amount of money being charged or deducted from their account, and anything over the determined amount, or in the case of charge backs, the issue will be pursued legally. You can have quarterly, bi-annual and even annual credit card authorization forms filled and issued depending on the needs of your own particular case and to avoid any further complications.