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Credit Card Payment Authorization Form Template for Hong Kong

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Key Requirements PROMPT example:

Credit Card Payment Authorization Form

"I need a Credit Card Payment Authorization Form for my online education platform that allows monthly recurring payments with a maximum limit of HKD 5,000 per transaction, including provisions for international students and the option to update card details online."

Document background
The Credit Card Payment Authorization Form is a critical document used in Hong Kong business operations where credit card payments need to be processed securely and legally. It serves as formal documentation of a cardholder's consent to allow a merchant or service provider to charge their credit card, either for one-time or recurring payments. This document is essential for businesses operating under Hong Kong's financial regulations, particularly the Payment Systems and Stored Value Facilities Ordinance and Personal Data (Privacy) Ordinance. It helps protect both the merchant and the cardholder by clearly documenting payment terms, authorization limits, and data handling procedures. The form is particularly important for recurring billing arrangements and situations where the cardholder is not physically present for the transaction.
Suggested Sections

1. Company Information: Details of the merchant/company receiving the payments

2. Cardholder Information: Full name, contact details, and billing address of the cardholder

3. Credit Card Details: Secured section for credit card number, expiration date, and security code

4. Payment Authorization: Clear statement of authorization for charging the card, including maximum amount and frequency

5. Duration and Frequency: Specification of whether this is a one-time or recurring payment authorization

6. Data Protection Statement: Statement on how credit card information will be stored, used, and protected

7. Authorization Signature: Space for cardholder signature and date of authorization

Optional Sections

1. Multiple Card Authorization: Additional section for authorizing multiple cards as backup payment methods

2. Special Instructions: Section for any specific payment instructions or conditions

3. Third Party Authorization: Used when the cardholder authorizes payments for a third party

4. International Payment Declaration: Required when processing international payments with potential foreign transaction fees

Suggested Schedules

1. Schedule of Payments: Detailed breakdown of payment amounts and dates if recurring payments are authorized

2. Terms and Conditions: Detailed terms including liability, disputes, and cancellation procedures

3. Privacy Policy: Detailed privacy policy regarding handling of credit card and personal information

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

























Clauses


















Relevant Industries

Retail

E-commerce

Professional Services

Subscription Services

Education

Healthcare

Hospitality

Financial Services

Insurance

Telecommunications

Utilities

Real Estate

Relevant Teams

Finance

Legal

Compliance

Operations

Customer Service

Sales

Risk Management

Treasury

Data Protection

Accounts Receivable

Relevant Roles

Finance Manager

Accounts Receivable Specialist

Payment Operations Manager

Compliance Officer

Legal Counsel

Customer Service Manager

Sales Manager

Business Development Manager

Operations Director

Risk Manager

Data Protection Officer

Treasury Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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