Question

Describe disadvantages to a hotel of accepting credit cards.​

I need the answer ASAP

Answer 1

Answer:

1. There are costs involved - though these aren't usually prohibitive. See the costs of accepting card payments.

2. Accepting cards can increase your exposure to fraud - see your liability for disputed card payments.

3. To accept and process certain major charge cards - including American Express and Diners Club - you must reach a separate agreement with the charge card company.

4. You will need to train staff - in the technical and administrative issues of processing a card payment, as well as in fraud prevention measures.