Sellers allow customers to use credit cards for all of the following reasons except:
A) To speed up receipt of cash from the credit sale.
B) To lessen the risk of extending credit to customers who cannot pay.
C) To avoid having to evaluate a customer's credit standing for each sale.
D) To be able to charge more due to fees and interest.
E) To increase total sales volume.

Question

Quizplus · Accepted Answer

Accepting credit cards actually costs the seller money due to fees and interest charged by the credit card companies, so it is not used to charge customers more. The other options (A, B, C, and E) are all valid reasons for sellers to accept credit cards.

Sellers Allow Customers to Use Credit Cards for All of the Following