Sellers allow customers to use credit cards:
A) To avoid having to evaluate a customer's credit standing for each sale.
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) All of these.

Question

Quizplus · Accepted Answer

All of these options are benefits of allowing customers to use credit cards. By accepting credit cards, sellers avoid the need to evaluate each customer's credit standing, which saves time and resources. Additionally, credit card companies assume the risk of non-payment, which lessens the risk for the seller. Credit card payments also typically result in faster receipt of cash, as the payment is processed electronically. Finally, accepting credit cards can increase sales volume, as many customers prefer to use credit cards for convenience or to earn rewards.

Sellers Allow Customers to Use Credit Cards