Get the free Credit Card Pre Auth Form - BREB

THE BRAMPTON REAL ESTATE BOARD Tel. No. (905) 7919913 Email. Info bred.org Fax No. (905) 7919430 60 Dillingham Dr, Ste. 401 Brampton, Ontario L6X 0Z9 PRE AUTHORIZATION CREDIT CARD FORM MEMBER NAME:

How to fill out credit card pre auth

How to fill out credit card pre auth:

1. Gather necessary information: Before filling out a credit card pre authorization form, make sure to have the required information handy. This usually includes the customer's name, credit card number, expiration date, CVV code, and the amount to be pre authorized.
2. Obtain the pre authorization form: Some businesses may have their own custom pre authorization forms, while others may use generic templates. Contact the relevant department or individual to obtain the form if it's not readily available. Alternatively, some businesses may provide an online option to fill out the form electronically.
3. Fill out the customer's details: Begin by filling out the customer's information accurately. Include their full name as it appears on the credit card, along with any additional information required (such as address or contact details) as specified on the form.
4. Provide credit card details: Insert the customer's credit card number, expiration date, and CVV code in the appropriate fields. Ensure that the information is entered correctly to avoid any issues with the pre authorization process.
5. Specify the pre authorized amount: Indicate the amount that needs to be pre authorized on the form. This might vary depending on the business or transaction. Double-check the entered amount to ensure it matches the desired pre authorization.
6. Review and sign: Take a moment to review all the entered information on the pre authorization form for accuracy. Make any necessary corrections before signing the form. Ensure that the person authorized to sign on behalf of the business or organization does so legibly.

Who needs credit card pre auth:

1. Businesses with delayed or periodic billing: Credit card pre authorization is commonly used by businesses that offer products or services where billing occurs after the completion of the transaction. This helps secure payment and guarantees that funds will be available when the transaction is fulfilled.
2. Hotels and car rental companies: In the hospitality and travel industry, establishments often require credit card pre authorization as a security measure. It ensures that guests or renters have sufficient funds to cover potential additional expenses or damages.
3. Online merchants: E-commerce businesses may implement credit card pre authorization to verify the validity of the card and ensure that enough funds are available to complete the purchase. This can help prevent fraudulent transactions and chargebacks.

Overall, filling out a credit card pre authorization involves providing accurate customer and credit card details, specifying the pre authorized amount, and reviewing and signing the form. Various businesses across different industries utilize credit card pre authorization as a safeguard against non-payment or potential risks.

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What is credit card pre auth?

Credit card pre authorization is a practice by which a merchant verifies that a customer has enough funds available on a credit card to cover a purchase.

Who is required to file credit card pre auth?

Merchants and businesses that accept credit card payments are typically required to file credit card pre authorization.

How to fill out credit card pre auth?

To fill out credit card pre authorization, a merchant must obtain the customer's credit card information, verify the available credit limit, and authorize the transaction amount.

What is the purpose of credit card pre auth?

The purpose of credit card pre authorization is to ensure that a customer has enough funds available on their credit card to cover a purchase before the actual transaction takes place.

What information must be reported on credit card pre auth?

The information reported on credit card pre authorization typically includes the customer's credit card number, expiration date, transaction amount, and authorization code.