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Certainly! Making purchases by credit cards also costs the merchant money, too. They have to pay a base fee for each transaction to cover the costs associated with billing and collecting the amount that was charged. Most merchants absorb this charge as part of their overhead, but smaller merchants can't always absorb these charges, so they are passed along to the consumer.

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17y ago

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What is buyers credit and difference between suppliers credit and buyers credit?

Buyers credit is financing provided to a buyer to pay for supply of goods or services usually by an exporting country or by the supplier company.


Difference between buyers credit and letter of credit?

Buyer's credit is extended to finance the purchase of goods or services. A letter of credit guarantees that a payment will be received. If the buyer doesn't make a payment, the bank has to pay.


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What is the different between actual buyers and potential buyers?

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What is first time home buyers credit?

First time home buyer's credit will not prevent you from getting a home loan. This credit is intended to help first time home buyers. You can check with your lending company to get more information.


What is buyer's credit roll over?

Say, You have taken say $1,00,000 buyers credit for tenure of 90 days and now you want to extend it for another 90 days, it means you want buyers credit rollover. In this case you can either approach you existing buyers credit provider bank for the transaction or any other bank which is offering competitive quote and avail buyers credit for fresh tenure.


What is the process for first time home buyers to repay the home buyer credit?

First-time home buyers repay the home buyer credit by including the repayment amount on their tax returns over a 15-year period. This repayment process starts two years after the home is purchased.


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A antonym for the word merchant?

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