Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

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..

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions