nature and function of credit
A credit card company act as a 'liaison' between the customer and the business. The customer presents their credit card to the retailer - and the card company pays the retailer for the goods the customer has purchased. The card company charges the customer interest each month on the outstanding balance - in payment for the convenience of being able to make (often expensive) purchases, without having to h=cary large amount of cash.
The producer, wholesaler, or retailer may perform this function.
syndicator
the installment plan
E A. Sykes has written: 'Credit and the independent retailer'
Functions of credit note
Online Credit can be obtained in a variety of ways. A store credit card can be opened and used to build online credit. When a retailer extends a customer a line of credit a history is recorded.
Yes, the Goldfish credit card does have a rewards program. You can get retailer discounts and various different rewards by owning a goldfish credit card.
No it is not !If a person pays for goods or services by credit card, the Credit Card Company is the only organisation allowed to retain details about the customers card.
Yes - a credit card can be used all over the world - providing the retailer accepts the card (which most do !)
The main function of the international credit market is to make profit. Another function is to ensure that the local currency value is not brought down.