Who are the beneficiaries in using Credit Cards? How?

  1. Customer: - No need to carry money, safety, portable, etc.,Merchant: - Expands in wider area, increase in sales, promotions from acquirer, etc.,Bank/Issuer: - Installment Credit Card Association: - Interchange Fee

  2. Customer: - Interest on the purchase amount, charges, etc., Merchant: - Expands in wider area, increase in sales, promotions from acquirer, etc.,Bank/Issuer: - Authorized to decide on the repayment cycle

  3. Customer: - No need to carry money, safety, portable, etc.,Merchant: - Expands in wider area, increase in sales, promotions from acquirer, etc Bank/Issuer: - Interest on the purchase amount, charges, etc.,Network: - Interchange Fee

  4. Customer: - Earning on spending, safety, portable, etc.,Merchant: - Expands in wider area, increase in sales, promotions from acquirer, etc.,Bank/Issuer: - Interest on the purchase amount, charges, etc.,Network: - Interchange Fee


Correct Option: C

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