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22 July, 03:13

Credit-card costs in business are ultimately passed on to the customer. True or false

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  1. 22 July, 03:36
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    True. Credit-card costs in business are ultimately passed on to the customer

    Explanation:

    Nowadays, the cashless payment is becoming popular. People do not carry heavy cashes in purse, hence they either do online transaction or pay by credit or debit cards.

    The Merchant who have the provision to pay by card mode, has to install the hardware and software pertaining to card payment. So the merchant has to pay specific amount for transactions done through card and for the hardware and software installed.

    The merchant is allowed to charge the customer to certain extent for each swipe or each transaction.
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