Asked by Lovereen Jaswal on Apr 27, 2024
Verified
Because the debit process is similar to a cash transaction,the fees that a business pays on debit transaction are smaller than credit card or check fees
A) pro
B) con
Debit Transaction
A financial transaction in which money is taken out of a bank account, typically reflecting a purchase or payment.
Smaller Fees
Lesser charges or costs imposed for services, transactions, or regulatory requirements.
- Elucidate the diverse payment alternatives accessible in medical practices, including an analysis of the merits and demerits of credit and debit card acceptance.
Verified Answer
LB
logan bluhmApr 27, 2024
Final Answer :
A
Explanation :
Lower fees on debit transactions compared to credit card or check transactions can lead to cost savings for the medical practice, making it a benefit or "pro" of accepting these payment methods.
Learning Objectives
- Elucidate the diverse payment alternatives accessible in medical practices, including an analysis of the merits and demerits of credit and debit card acceptance.
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