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MONEYBAG Alberta Ltd. Unit 5 449 Mayor McGrath Drive South Lethbridge. Alberta. T1J 3L8 Telephone # (403) 3272200 Fax # (403) 327 2278 I, hereby authorize Money Max Alberta Ltd. and its Electronic
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What is in store pre-authorized debit?
In store pre-authorized debit is a payment method where a customer authorizes a merchant to withdraw funds directly from their bank account for purchases made in-store.
Who is required to file in store pre-authorized debit?
Merchants who offer in-store pre-authorized debit as a payment option are required to file and process these transactions.
How to fill out in store pre-authorized debit?
To fill out an in-store pre-authorized debit, the merchant must have the customer sign an authorization form agreeing to the automatic withdrawal of funds for future purchases.
What is the purpose of in store pre-authorized debit?
The purpose of in-store pre-authorized debit is to provide customers with a convenient payment option and streamline the payment process for merchants.
What information must be reported on in store pre-authorized debit?
Information such as the customer's bank account details, amount of the transaction, and authorization date must be reported on in-store pre-authorized debit transactions.
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