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David John
Angemeldet seit:
24.04.2022
Beiträge: 277
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Credit cards are all over the place. Earlier, a few select businesses accepted cards as payment options. Now, almost all businesses accept credit payments. How did this change come about? What is making credit cards such a popular payment option? The answer to these questions is affordable processing fees.
Credit transactions always involve some risk. Any company that plays a part in the credit chain will charge for its services. As card processor facilitates card payments for a business, it charges a processing fee for its service.
Origin of credit card processors
Extending credit to customers is an age-old policy to assure more sales. United ***** States saw the first credit cards in early twentieth century, with oil companies and hotels being the pioneer card issuers. Processing and collection of the bills was carried out by the businesses in-house. Then, banks began to offer credit cards and took over the messy work of processing card transactions. Businesses were unburdened from having to extend credit from their own funds. The job of processing and collecting bills was transferred to banks.
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Harry Potter
Angemeldet seit:
01.09.2023
Beiträge: 201
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A well-articulated piece that offers valuable insights. The author has done a stellar job! *****
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Saim
Angemeldet seit:
24.09.2023
Beiträge: 149
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Many have tried, but you nailed it. Awesome work! *****
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emilyjohnson23
Angemeldet seit:
28.07.2023
Beiträge: 146
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A well-written and informative piece that engages the reader. *****
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