Credit cards do not remove the risk of bad debts to the business accepting payment by credit card.

Name: Credit cards do not remove the risk of bad debts to the business accepting payment by credit card.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Credit cards transfer the risk of non-payment from the business to the credit card issuer, as the issuer is responsible for paying the business for purchases made by cardholders, reducing the business's exposure to bad debts.

Credit Cards Do Not Remove the Risk of Bad Debts