Asked by Julian Munoz on May 08, 2024

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Sellers allow customers to use bank (or third-party) credit cards for all of the following reasons except:

A) To be able to charge more due to fees and interest.
B) To avoid the risk of customers not paying.
C) To speed up receipt of cash from the credit sale.
D) To increase total sales.
E) To avoid having to decide who gets credit and how much.

Bank Credit Cards

Financial tools issued by banks that allow cardholders to borrow funds within a pre-approved limit for purchases or cash withdrawals.

Fees

Charges levied for services provided, often related to professional, financial, or administrative tasks.

  • Comprehend the reasons behind the use of credit cards and factoring by sellers.
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MC
Mikayla CunneyMay 15, 2024
Final Answer :
A
Explanation :
While sellers may be able to charge more due to fees and interest when customers use credit cards, this is not the primary reason for allowing credit card payments. The primary reasons are to avoid the risk of customers not paying, speed up receipt of cash from the credit sale, increase total sales, and avoid having to decide who gets credit and how much.