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

Question

Quizplus · Accepted Answer

Sellers do not allow credit card payments to be able to charge more due to fees and interest. In fact, merchants often have to pay fees to credit card companies for each transaction processed, which can eat into their profits. Credit card payments are accepted primarily to increase total sales volume, speed up receipt of cash, and avoid having to evaluate a customer's credit standing for each sale. It can also lessen the risk of extending credit to customers who cannot pay, as the credit card company assumes that risk instead.

Sellers Allow Customers to Use Credit Cards to Pay for Products