If a company accepts a major credit card such as VISA from a customer, then the company is responsible for the amount of the sale in a case of nonpayment from a cardholder.

Question

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If a company accepts a major credit card such as VISA, the responsibility for payment lies primarily with the cardholder, not the company. The company may incur processing fees or chargebacks in the event of a dispute, but they are not responsible for the actual payment of the sale.

If a Company Accepts a Major Credit Card Such as VISA