Accepting credit cards rather than offering credit directly to customers can help a business reduce its costs.

Question

Quizplus · Accepted Answer

Accepting credit cards allows a business to shift the risk and responsibility of collecting payment to the credit card company or payment processor, reducing the costs associated with managing credit directly with customers. Additionally, accepting credit cards can improve cash flow and reduce the risks of fraudulent or non-payment.

Accepting Credit Cards Rather Than Offering Credit Directly to Customers