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Home › Bihar Board Class 12 (Commerce) › Business Studies › Emerging Modes of Business › With a credit card, who pays the online seller f…

With a credit card, who pays the online seller first?

AThe government
BThe card issuing bank
CThe buyer's employer
DThe courier firm
Answer & Solution
Correct answer: B. The card issuing bank
The card issuing bank assumes the amount due and later collects it from the cardholder, who may pay in instalments.
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