Is is a good idea for companies to issue credit? If you had a small business would you issue credit directly to customers or would you accept VISA, MasterCard, Discover and/or American Express

Accounting May 02, 2023

Is is a good idea for companies to issue credit? If you had a small business would you issue credit directly to customers or would you accept VISA, MasterCard, Discover and/or American Express. How do VISA, MasterCard, and American Express make money? Why do some businesses accept VISA and MasterCard but not accept American Express or Discover?

Please use Principles of Accounting Business Decision Making 7th Edition by Kimmel if possible to answer this question