Recurring Credit Card Paper Authorization Form: Fill & Download for Free

Here's what you need to review to comply:State laws for legality.Card Acceptance Guidelines for Visa Merchants (generally all brands will have similar). Start on pg 57 on recurring. The rules are very similar for each brand. Link to merchant bulletins-downloads for all brands.Merchant Services Terms & Conditions. This is the Program Guide provided with your merchant account. If you don't have it, ask your sales representative.Tips:When you sign up for a merchant account, the application asks about recurring. That's where you disclose your business needs and they either approve or not.You must send the recurring indicator with payment. This means you need a method to send that. It could be two merchant accounts, two terminal ID's on the same merchant account, or an intelligent gateway that will manage this for you.You're required to validate security code one time and keep that record on file. This can be done with a zero dollar authorization, or on the first transaction.Do not keep full card data on file. Despite the language in some of the rules above, merchants are expected to secure card data, not store paper forms with sensitive payment information. (With CenPOS, we automatically generate a pre- filled PCI compliant recurring billing authorization form for customer signature.) Online or paper forms with the right language are both acceptable.Annual recurring is tricky for you because of the frequency of cards being replaced due to marketplace fraud. However, your target market is unlikely to change checking accounts. Consider recurring ACH as an alternative. (With CenPOS, we also generate a pre- filled ACH recurring billing form.)Regarding Visa & MasterCard Updater services- if approved, there are costs and they require effort to comply with. Based n your business type, I'd expect it to be more efficient and cost effective to contact customers directly for updates. For example, some payment gateways will notify customers before a card expires and let them self update. Automatic notification combined with recurring billing reports that include expiring cards, failed transactions, etc should increase the number of successful transactions without the need for other outside services.

The most beneficial way to pay your bills depends on your definition of beneficial. Here is a quick review of the three payment options you mentioned and possible benefits as well as takeaways.Checking Account - If you make a payment from your checking account also known as EFT (electronic funds transfer) you are authorizing a merchant to electronically remove money from your bank account. You can often times set up monthly bills on recurring drafts. This form of payment is similar to an actual paper check from an accounting and legal standpoint. Recurring monthly EFT payment method will often accompany lower service charges and processing fees from the merchants and eliminates the possibility of late payment fees or negative payment history. A negative aspect to this payment method is that a transaction can be re-presented one or more times if the funds are not available the first time the transaction is attempted. A re-presentment is when a payment is requested from your bank again after funds are unavailable and usually happens 3-5 days after the first attempt. This is legal and your bank assists merchants in this process.Savings Account - A payment from your savings account is processed exactly the same as a payment made from a checking account. Something to consider is that many banks do not offer over overdraft protection for a savings account.Credit Card - If you make a payment using your credit card there are a few things to consider. When a credit card payment is processed an authorization is sent to your credit card company immediately and then the deposit transaction is processed usually within 24 hours. This sometimes results in a pending transaction and the actual transaction appearing together on your account until the authorization "falls off" the in 3 to 5 days. Depending on your credit card you may also incur interest for the balance. The benefits to using a credit card are that you can dispute transactions very easily with most credit cards and if your information is compromised it is much easier to get a new credit card than a new bank account. Keep in mind, every merchant is charged a fee to process a credit card payment so this cost may be passed on to you.I hope that this information is helpful and my personal choice would be to use my checking account with reputable businesses to set up monthly automatic EFT payments if you are a responsible budget keeper. Companies almost always pass on a savings for using this method when accompanied with paperless billing options.

There are many websites now who are offering US company registration for around $500 and get you registered in Delaware for the business.Delaware has established a reputation around the world as the best and most business-friendly state in which to incorporate. More than 65 percent of all Fortune 500 companies and more than half of all U.S. publicly-traded companies are incorporated in the state of Delaware.Types of Business Entities a Foreign National Can Choose FromCorporation (C-Corp)Limited Liability Company (LLC)Would suggest starting an LLC since there are many advantages over a Corporation. Some of these advantages include:Pass through taxation will help you avoid the double taxation of business profits.Greatly reduced State Regulations and formalities compared to a corporation.A previous advantage of a corporation known as Corporate income splitting, is also now available to LLCs. An LLC must elect to be treated as a corporation for tax purposes by the IRS by filing form 8832. This is really only useful when the LLC is making sufficient profit that it can pay its members and still retain a significant chunk of it for reinvestment in the LLC.Steps to Form Your LLCSelect a StateThink about what State you want to start your LLC. You may already have a location in mind since that is where your customers are. If you primarily intend to conduct business from your own country then the (international-friendly) States to start an LLC include Delaware, Wyoming, or Nevada. The State Offices and Banks of these three States are very familiar in dealing with Non-US Citizens.Name your LLCChoose a Registered AgentIf you are starting an LLC in the US from your home country and will not have a physical address in the US that will be open normal business hours, we suggest you hire a Registered Agent Service. They will receive and forward all official mailings to you, such papers include service of process of legal action, and state filings.File the Articles of Organization with the StateCreate an Operating AgreementSteps after LLC FormationObtain an EIN (Employee Identification Number)Getting an EIN will grant you access to:Opening a US bank accountAccepting US paymentsPaying US TaxesRegister for State TaxA Non-US resident is taxed on US source income onlyA US Resident is taxed on worldwide incomeObtain Business Licenses & PermitsHire EmployeesGet InsuranceGetting an EIN (Enables your Company to open a Bank Account or Hire Employees)An EIN (Employer Identification Number) is the tax identity of your LLC, it is necessary to open a bank account, hire employees, and pay State Taxes. You will also be required to provide your EIN to other companies to receive payments exceeding $600 in a calendar year. Obtaining an EIN from the IRS (Internal Revenue Service) for your Company is easy and, the IRS does not charge you any fee to issue your LLC with an EIN. You can only apply for the EIN after forming the LLC.Download the SS-4 Instructions and SS-4 FormRead the instructions carefully while filling out the formNOTE Line 7b: If you don’t have a US Social Security Number, ITIN, or EIN just put “N/A Foreign” on line 7b.Fax form to designated number provided on the form, be sure to give the IRS a number to fax your EIN back to.An ITIN (Individual Tax Identity Number) or US social security number is not necessary to obtain an EIN for your company if the above process is used.There are lots of online services that you can use to form an LLC for you (they essentially just complete the paperwork for you). Many include additional packages to obtain an EIN, but be aware, while they can form the LLC for you, they will NOT be able to obtain an EIN, as they assume you have a US social security number or ITIN, which most likely you will not.More on forming a company : How to Open a Company in the USAUS Physical AddressYou need a physical US address for receiving business documents. There are several mail service forwarding providers charging different rates.My choice was Virtualpostmail.com – a web 2.0 company who seemed to be miles ahead of others in what seems to be a very traditional industry. I chose the $20 plan.They scan mails and send you an email; you can choose emails that needs to be opened and the contents scanned or just forward those mails to any other international address.Before you can operate your account, you need to submit a notarized form 1583 from USPS to authorize Virtual Post mail to open mails on your (and your companies behalf).US Bank AccountYou need a Business checking account with a US bank. If you already have a personal bank account with a US bank you can try calling them to open a business checking account. I think this is the best option. I tried calling Wells Fargo and the person on the phone told me that I cannot open a bank account with Wells Fargo and that I had to physically go to Delaware and try opening it from Wachovia. I am sure this person was wrong and I think it should be possible with Wells Fargo. I love the bank but somehow could not get my business account opened there.If you do not have a US bank account but if you are visiting USA in the near future, you can just walk in to a bank with the incorporation documents of your company and open an account.I posted a question regarding this in Quora and a very nice gentleman who was an advisor to many startups contacted me and referred me to Silicon Valley Bank (who are considered very startup friendly) and I was able to open the account from India itself.Initially I found it amusing that I was asked to pitch my business idea or send a presentation of my business plan in order to open a business checking account. But I guess Silicon Valley bank offers so many other services to startups but our needs were pretty simple. But SVB has been great till now in terms of responsive support.Merchant AccountThe most popular alternatives are Paypal and US Home - Authorize.Net (they have many resellers). You can go to FeeFighters (Note: They were acquired by Groupon in 2013) to compare providers and choose one that works for you. I skipped the options provided by FeeFighters and went directly with Braintree Payment solutions even though they were slightly more expensive compared to others as I had read good things about them and I did not understand all the hidden fees etc.Braintree provides me a merchant account, a payment gateway, a PCI compliant vault to store customer Credit card data and can process recurring subscription billing.We thought we will worry about the fees when we are making millions of dollars and losing considerable money on feesBusiness Credit CardI applied for a mastercard credit card through Silicon Valley Bank – the card is secured with a money market account – basically secured with cash in my bank account.US Phone NumbersWe have a free Google Voice number and a Skype number which is $50 per year. The Google Voice number forwards the calls to our Skype number.We are considering 1-800 numbers from Grasshopper after we launch.We also got an iPevo skype phone for receiving Skype calls wirelessly, but the phone has stopped working and I am too busy to send it to the US and return it to Amazon.Business Leads, Development & Starting UpResearch about technology trends in the industry and based on which create your services niche meaning what they are looking for provide as your service be specialized in that particular area and grow your database of talent pool around the region or globe as you prefer to do the business.You need to find a person or an agency could be your advisory on hiring the business development professionals through a reference and once that person is in you can have him interview people in your company for rest of the roles.People play important role in shaping, growing and taking organizations to next steps so you need to make sure who is coming in so that you dont have to worry once they are in they are doing what they should be doing.You will need at least 6 people to kick start your staffing agency and follow is the break down.2X BDM : Who can focus on marketing your services and client attraction3X Recruiters : Who can find resumes on the requirement that BDM brings from clients1X Accountant: Who will be responsible for book keeping AR/AP, invoices, billing and etcThe above could be multiplied by groups and teams.After registering your company go for creating the website with a good name which could be a blend of staffing + technology through website service provider like go daddy and etc.Hire a content writer to write your area of interest in terms of services you want to provide for clients in Information Technology.RegardsSyed AiyazI help people in the staffing industry in terms of finding recruitment jobs globally specially in India, USA & Middle East, Recruitment training And even setting up a staffing firm and making it up and running through my knowledge and experience in the industry.THESTAFFINGCIRCLEAdvertise - Split - PartnerBest YouTube channel for US staffing, IT recruiting, sourcing tools, , software reviews , career mgt, Social Media recruiting & More. 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