Question: Dompanies allow customers to pay for products using third - party credit cards because: there is no cost to the seller to allow third -

Dompanies allow customers to pay for products using third-party credit cards because:
there is no cost to the seller to allow third-party credit cards.
the seller does not have to evaluate customer credit.
a variety of payment options typically increase sales volume.
cash is received from the credit card company faster than from a credit customer.
the seller avoids the risk of customer non-payment.
Dompanies allow customers to pay for products

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!