Accepting debit card transactions will decrease the total collection time for a firm.

Name: Accepting debit card transactions will decrease the total collection time for a firm.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

Accepting debit card transactions typically results in funds being transferred to the firm's account quickly, often within 1-2 business days, thus decreasing the total collection time compared to traditional methods like checks or credit sales that can take longer to process and clear.

Accepting Debit Card Transactions Will Decrease the Total Collection Time