Blog: Mgt411

Mr. A purchased some grocery items from a departmental store. At the time of payment, he offered his credit card to the seller. The seller allowed Mr. A to leave with the goods. Why? Has Mr. A made the final payment?


Ans.


As Mr. A gives the credit card to the seller, he gets the payment from the bank after verifying the card and allow Mr. A to leave with things. But Mr. A has not paid the final payment as he is using the credit card and bank has paid the payment on his behalf at this time. Final payment will be done when Mr. A paid the credit amount to the bank.