Loans, credit, insurance & investment

The term “merchant” is used for all of the organizations that accept payment by credit card. These include retail outlets, hotels, airlines, travel agents, and restaurants. The list goes on. Today most enterprises that sell products or services to retail customers accept credit cards. The explosive growth of the number of companies operating through the Internet has made the ability to pay by credit card even more important.
In countries such as China, where the banking, clearing and payment systems are relatively undeveloped, many companies use credit cards to pay suppliers.