Which of the following statements regarding e-payment technologies is true?
A)an advantage to the payer is that float is eliminated
B)approximately 50% of all business payments in the US use this technology
C)e-payments are settled through the ACH network, by wire transfer, or by credit card
D)the cost of paying an invoice is about $.75 when using e-payments

Question

Quizplus · Accepted Answer

E-payments can be settled through the Automated Clearing House (ACH) network, wire transfer, or credit card. A is incorrect because float is not eliminated for the payer, but it may be eliminated for the payee. B is incorrect because e-payments make up a higher percentage of business payments in the US. D is incorrect because the cost of paying an invoice through e-payment technologies can vary depending on the provider and method used.

Which of the Following Statements Regarding E-Payment Technologies Is True