Ask Question
BusinessBusiness
19 April, 18:53

For a business credit card, most companies that issue credit, including Visa and Mastercard, specifically state their liability policies:

Only cover the first $50.00 of liability

Cover up to $500 of liability

Are the same as their business card accounts

Do not apply to business card accounts

+3
Answers (1)
  1. 19 April, 22:12
    0
    Answer: Cover up to $500 of liability

    Explanation:

    When one suspect that there has been unauthorized transactions in ones accounts which could be due to fraud, such business or person can make a complaint as soon as possible.

    As soon as the report is made, the person is no longer in charge of the unauthorized use of such card. In a case whereby the loss is reported within two days, the liability is limited to $50 but when the report is made within 60 days after ones statement has been sent to the person or business, this may lead to a liability of $500.

    Cover upto liability of $500. If the report is made within 60 days of receiving statement that shows fradulent transactions. If it is not reported within 60 days then the liability is unlimited.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “For a business credit card, most companies that issue credit, including Visa and Mastercard, specifically state their liability policies: ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
As price falls from Pa to Pb, we could use the three demand curves to calculate three different values of the price elasticity of demand. Which of the three demand curves would produce the smallest elasticity? a 01 b. 02 c. 03 d.
Answers (1)
Money is a medium of exchange when: a. it is used to facilitate trade between buyers and sellers. b. it is used to transfer wealth from the present to the future. c. it is used to communicate the market value of goods and services.
Answers (1)
What is the largest energy store in a well fed human?
Answers (1)
The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $2,783 Fees Earned 14,403 Depreciation Expense 1,343 Insurance Expense 513 Prepaid Insurance 4,756 Supplies 1,238 Supplies Expense
Answers (1)
Which of the following statements is most correct? a. An increase in a firm's debt ratio, with no changes in its sales and operating costs, could be expected to lower its profit margin on sales. b.
Answers (1)
New Questions in Business
Lee has not been showing up to work on time. which work ethic is he lacking
Answers (1)
Peterson Company estimates that overhead costs for the next year will be $3,400,000 for indirect labor and $850,000 for factory utilities. The company uses machine hours as its overhead allocation base.
Answers (1)
If you are in sydney, australia, and plan to attend a web conference being held at 10:00am us pacific daylight time (pdt) on 29 may 2012, at what local time do you need to log in?
Answers (1)
Lake Charles Seafood makes 550 wooden packing boxes for fresh seafood per day, working in two 10-hour shifts. Due to increased demand, plant managers have decided to operate three 8-hour shifts per day instead.
Answers (1)
In 2017, in a speech in China, Apple CEO Tim Cook stated that globalization is "great for the world ... I think the reality is you can see that countries in the world ... that isolate themselves, it's not good for their people.
Answers (1)
Home » Business » For a business credit card, most companies that issue credit, including Visa and Mastercard, specifically state their liability policies: Only cover the first $50.
Sign Up Forgot Password?