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Third Party Credit Card Authorization Form for Saudi Arabia

Third Party Credit Card Authorization Form Template for Saudi Arabia

A Third Party Credit Card Authorization Form is a legal document used in Saudi Arabia that enables a credit card holder to grant permission to another party to use their credit card for specified transactions. The document complies with Saudi Arabian Monetary Authority (SAMA) regulations and Islamic banking principles, incorporating necessary data protection measures and financial security requirements. It details the scope of authorization, transaction limits, duration, and includes comprehensive identification of all parties involved, while ensuring compliance with Saudi Arabian banking and financial regulations.

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What is a Third Party Credit Card Authorization Form?

The Third Party Credit Card Authorization Form is essential in situations where a cardholder needs to delegate payment authority to another individual or entity within Saudi Arabia. This document is commonly used in business settings, family arrangements, or when recurring payments need to be managed by an authorized representative. The form must comply with Saudi Arabian Monetary Authority (SAMA) regulations, Islamic banking principles, and data protection laws. It typically includes detailed information about the cardholder and authorized party, specific authorization parameters, transaction limits, validity period, and security measures. This document is particularly important in protecting both the cardholder and the authorized party while ensuring transparent and legitimate financial transactions in accordance with Saudi Arabian law.

What sections should be included in a Third Party Credit Card Authorization Form?

1. Form Title and Date: Clear identification of the document as a Third Party Credit Card Authorization Form with date of completion

2. Cardholder Information: Complete details of the credit card owner including full name, contact information, and address as per SAMA requirements

3. Authorized Party Information: Complete details of the person/entity being authorized to use the card, including full name, contact information, and relationship to cardholder

4. Card Information: Secure section for credit card details including card type, last 4 digits only (for security), and card expiration date

5. Authorization Scope: Clear specification of what the third party is authorized to do, including transaction types, limits, and duration of authorization

6. Transaction Limits: Specific monetary limits per transaction and/or total authorization amount

7. Authorization Period: Clear start and end dates for the authorization period

8. Declarations: Statements confirming the cardholder's consent and understanding of the authorization

9. Signature Block: Space for physical or electronic signatures of all parties with date fields

What sections are optional to include in a Third Party Credit Card Authorization Form?

1. Recurring Payment Details: Include when authorization is for recurring payments, specifying frequency and payment amounts

2. Multiple Card Authorization: Additional section when authorizing multiple cards, with separate details for each card

3. Purpose of Authorization: Specific section detailing the reason for authorization when required for business or specific use cases

4. Emergency Contact Information: Additional contact details for urgent situations or when authorization needs verification

5. Witness Section: Additional verification section when required by specific institutions or for high-value authorizations

What schedules should be included in a Third Party Credit Card Authorization Form?

1. Terms and Conditions: Detailed terms governing the authorization including liability, cancellation procedures, and dispute resolution

2. Transaction Log Template: Template for recording transactions made under this authorization

3. Verification Documents Checklist: List of required supporting documents such as ID copies and proof of relationship

4. Cancellation Form: Template form for canceling the authorization before its expiry date

Authors

Alex Denne

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

Jurisdiction

Saudi Arabia

Publisher

Ƶ

Document Type

Authorization Form

Cost

Free to use
Relevant legal definitions




















Clauses




















Relevant Industries

Banking & Financial Services

Retail

Healthcare

Education

Travel & Tourism

Professional Services

Real Estate

Insurance

Telecommunications

Hospitality

Relevant Teams

Finance

Accounting

Procurement

Administration

Legal

Compliance

Risk Management

Treasury

Corporate Services

Operations

Relevant Roles

Finance Manager

Accounts Payable Specialist

Procurement Officer

Administrative Assistant

Compliance Officer

Legal Counsel

Risk Manager

Treasury Manager

Financial Controller

Office Manager

Business Operations Manager

Personal Assistant

Corporate Services 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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