(Topic 5) A merchant, wanting to accept credit cards as payment method, will negotiate its fees with which of the following participants?

The correct answer is A. The supplier does not send an invoice. When a supplier uses evaluated receipts settlement (ERS), which of the following statements is true?

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Question

(Topic 5)

A merchant, wanting to accept credit cards as payment method, will negotiate its fees with which of the following participants?

Options

AThe supplier does not send an invoice.
BThe customer selects the payment date.
CPayment must be made before goods can be shipped.
DPayables are processed manually.

How the community answered

(24 responses)

A
75% (18)
B
4% (1)
C
8% (2)
D
13% (3)

Explanation

When a supplier uses evaluated receipts settlement (ERS), which of the following statements is true?

Topics

#credit card processing#merchant fees#payment systems#acquiring bank

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