The phrase describes a readily available, pre-designed document that allows a business to obtain permission from a cardholder to charge their credit card for goods or services. These documents often come in a printable or editable digital format, enabling users to customize them with their specific business details and transaction information. For example, a small business owner might search for a readily accessible document to authorize recurring monthly payments from a client.
Obtaining documented consent for credit card transactions provides a layer of protection for both the merchant and the cardholder. For the business, it reduces the risk of chargebacks and disputes by demonstrating that the cardholder agreed to the charge. For the cardholder, it provides a record of authorized spending and helps prevent unauthorized use of their credit card information. Historically, these forms were primarily paper-based, but the rise of digital commerce has led to an increase in the availability and use of digital versions.
