Hi!Usually how long will it take for a company to collect its receivable from a credit card company?

0 ⤊

2007-09-12 17:07:35 · 2 answers · asked by cath 1 in Business & Finance ➔ Credit

can you answer specifically like the exact no. of days..thank you!=)

2007-09-12 17:54:25 · update #1

Same day or next day.

That's one of the things that makes a merchant want to accept credit cards: cleared funds in his account fast.

2007-09-13 01:44:25 · answer #1 · answered by Ted 7 · 0⤊ 0⤋

Depends on their processor. Usually not too long though.

2007-09-12 17:25:44 · answer #2 · answered by Anonymous · 0⤊ 0⤋