Slide11 - Recording Charge Card Transactions There are...

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Unformatted text preview: Recording Charge Card Transactions - There are three major reasons that retailers accept credit cards: — To attract credit customers who would otherwise shop elsewhere — To get cash immediately instead of waiting for customers to pay in due course — To avoid the cost of tracking, billing and collecting customers” accounts - Card companies” service charges are typically from 1% to 4% of gross sales ...
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