Question
Why is it generally beneficial for a business to accept major credit cards as payment for goods and services even when the fee charged by
Why is it generally beneficial for a business to accept major credit cards as payment for goods and services even when the fee charged by the credit card company is substantial? And what type of costs do businesses avoid when they accept major credit cards as compared to handling credit sales themselves? Think of a business of your choice, Consider yourself running a business of your choice. Tell everyone what business it is, and how t do you think accepting credit card sales would affect your business? You could discuss the risks and benefits of accepting credit card sales in multiple facets, including the effects on the customer base, cash flow management, and your relationship with your bank, etc..
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