Of the two types of credit, trade and consumer, consumer is the easiest to offer and maintain.
Consumer credit involves the acceptance of major credit and debit cards.
To offer this service, you simply approach your bank and set up a program. The bank takes a small fee or percentage on each charge and in exchange, it accepts the credit risk. Trade credit is offered by the business itself. In some industries, such as manufacturing and wholesaling, customers expect trade credit. For example, when a wholesaler ships supplies to a retail company, the accompanying invoice indicates terms of payment.