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 case of nonpayment from a cardholder.

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If a company accepts a major credit card such as VISA from a customer, the company is not responsible for the amount of the sale in case of nonpayment from a cardholder. Instead, the credit card company is responsible for ensuring payment is made to the company, and may pursue collection from the cardholder if necessary.

If a Company Accepts a Major Credit Card Such as VISA