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wth out doing that you have no credit score and take the oppurtunity to get a better score

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What are some of the advantages of the Advanta Business card?

Advantages of the Advanta Business card are that it is accepted at a million locations worldwide, there is no annual fee and there is a $50,000 credit limit.


How can one go about accepting credit card payments online?

The easiest and cheapest way to enable credit card payments on one's own website is to use the processing feature offered by the PayPal business account.


Why are credit cards treated as cash sales?

Credit cards are treated as cash sales because the merchant receives immediate payment from the credit card issuer, similar to cash transactions. Once a customer completes a credit card purchase, the funds are quickly transferred, ensuring the seller doesn't face the risk of non-payment. This immediacy helps businesses manage their cash flow effectively, making credit card transactions comparable to cash sales. Additionally, it simplifies accounting processes, as merchants can record these sales as completed transactions right away.


What banks offer credit merchant services to retailers?

Numerous banks now offer credit merchant services to various retailers. For example card services sales, credit card processing, and merchant warehouse.


Why are credit card sales and cash sales recorded together in the sales journal?

Credit card sales and cash sales are recorded together in the sales journal to streamline the tracking of total sales revenue. Both transaction types represent immediate income for the business, facilitating easier reconciliation of sales figures. Additionally, combining these entries simplifies accounting processes and aids in assessing overall cash flow and financial performance.

Related Questions

What are the advantages and disadvantages of credit card?

The advantages of a credit card is you can buy things that you don't have the money to buy. The disadvantages of a credit card is that you have to pay it off with interest in the future.


Which companies are accepting credit card payments at the moment?

There are many companies that are accepting credit card payments at the moment. These companies include, but are not limited to, McDonald's, Walmart, Best Buy, and Amazon.


What are the advantages of getting a Lowes credit card?

Even though it has high interest rates Lowes always seems to have promotions and special sales for those who have the Lowes credit card plus theres no annual fee.


What are the advantages and disadvantages of card?

The advantages of a credit card is you can buy things that you don't have the money to buy. The disadvantages of a credit card is that you have to pay it off with interest in the future.


What are some advantages to a capital one credit card?

"Some advantages to a capital one credit card are fundraising credit cards, the card building lab, rewards with no hassles, and online guide to your finances."


Do the advantages of credit outweight the disadvantages of credit?

With the rampant credit card theft, its disadvantages are becoming more than its advantages.


What are two advantages of using a credit card?

Two advantages of using a credit card are the ability to build a credit history and the convenience of making purchases without carrying cash.


What should I consider before accepting a preapproved credit card offer?

Before accepting a preapproved credit card offer, consider the interest rate, fees, credit limit, rewards, and how it fits your financial goals. Be aware of any potential impact on your credit score and make sure you understand the terms and conditions of the card.


Which company is best for a credit card processor?

You may want to think of investing in a point of sales system. That seems the best option for accepting credit cards, in a business. You can also rent them from companies like Metro Cash Register.


Where would I get information on applying for a platinum credit card?

A platinum credit card is a credit card which usually has a higher than usual credit limit. Also it has more advantages than a standard credit card or a gold credit card.


Which advantages are offered by the Fashion Bug credit card?

There are many different advantages which are offered by the Fashion Bug credit card. The Fashion Bug credit card allows for convenient access to pay bills and view statements.


What are the advantages of Providian's credit card payments?

Some advantages of Providian's credit card payments are that they offer security protection, damage protection and theft protection on the card and products purchased.