Which one of the following statements about credit cards is false?
A. Credit cards are seen as an advantage by business because the cash is normally received quicker than with other forms of credit.
B. Credit card companies charge a fee for processing credit card transactions credit cards do not remove the risk of bad debts to the business accepting payment by credit card.
C. When a credit card is used the retailer receives cash, net of the credit card fees, immediately upon deposit.