What is the attractiveness of the credit card process for a commercial establishment? It is possible to sell on credit (including installment paym...
What is the attractiveness of the credit card process for a commercial establishment?
It is possible to sell on credit (including installment payments, depending on the flag and the contract) without assuming the risk of default.
To do this, it is enough to accept to pay from 2% to 7% of the transaction and assume some fees.
The store makes money by expanding its sales through the convenience of the card.
It is possible to sell on credit (including installment payments, depending on the flag and the contract) without assuming the risk of default.
To do this, it is enough to accept to pay from 2% to 7% of the transaction and assume some fees.
The store makes money by expanding its sales through the convenience of the card.
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The attractiveness of the credit card process for a commercial establishment lies in the ability to sell on credit without assuming the risk of default. By accepting credit card payments, the establishment can offer customers the option of installment payments, depending on the flag and the contract. In return, the establishment pays a transaction fee ranging from 2% to 7% and assumes some additional fees. However, the store benefits from increased sales due to the convenience of accepting credit cards.
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