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Credit card pre-authorization form 4.3 Stars | 22 Ratings 495 Downloads Updated May 26, 2023A credit card authorization form allows a third party to make a payment by using a persons written consent

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How to fill out credit card pre authorization

01

Ensure you have the customer's credit card information

02

Determine the amount to be pre-authorized

03

Contact the customer to inform them of the pre-authorization

04

Fill out the pre-authorization form with the necessary information including the credit card number, expiry date, CVV code, amount to be authorized, and any other required details

05

Send the pre-authorization form to the appropriate department or financial institution for processing

Who needs credit card pre authorization?

01

Businesses that offer services or products that require a deposit or upfront payment

02

Car rental companies, hotels, and other hospitality businesses

03

Online merchants and e-commerce platforms

04

Any business that wants to guarantee payment before providing goods or services

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What is credit card pre authorization?

Credit card pre-authorization is a hold placed on a credit card by a merchant to ensure that funds will be available for a transaction.

Who is required to file credit card pre authorization?

Merchants or businesses that wish to place a hold on a customer's credit card are required to file credit card pre-authorization.

How to fill out credit card pre authorization?

To fill out a credit card pre-authorization, the merchant must obtain the customer's credit card information and enter it into the payment system with the agreed upon amount to be held.

What is the purpose of credit card pre authorization?

The purpose of credit card pre-authorization is to ensure that funds are available for a transaction before it is processed, reducing the risk of declined payments.

What information must be reported on credit card pre authorization?

The information reported on a credit card pre-authorization typically includes the customer's credit card number, expiration date, CVV code, and the amount to be held.

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