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8 May, 05:48

In your opinion, is the practice of requiring a credit card for a reservation considered reservation?

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  1. 8 May, 06:34
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    NO, According to me practice for requiring a credit card is not known as reservation.

    Explanation:

    The reasons for the same can be : -

    1. Defaulter - There can be a possibility that the person is involved in malpractice and turns out to be a defaulter hence the credit card practice should not be implemented.

    2. Doubtful Debt - If things are given in credit there is no assurance that person would return and give the payment. Hence, immediate payment should be kept in priority.

    3. Working Capital Cost - There would in increase in the operating cost of the Business if credit facility is available to the customers.
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