What impacts will accepting credit cards at your hardware store have on your costs, revenues, and...

What impacts will accepting credit cards at your hardware store have on your costs, revenues, and customers? (500 word minimum)

Expert Solution

Impact of credit cards

1) Cost would increase due to credit card collection cost, machine maintenece cost and delayed receivables leading to lower time value of money

2) Revenues and customers could see a rise since the world has moved digital and people prefer to pay cashless. So adoption of the machine can cause a spike in customers which will increase revnues for the company

jeff jeffy answered 2 years ago

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