Ideally it is the buyer who has to accept the bill, then why does he approach the bank for the same?

Ideally it is the buyer who has to accept the bill, then why does he a

1.	Ideally it is the buyer who has to accept the bill, then why does he approach the bank for the same?
Answer» At times, the buyers approach to the commercial banks to accept the commercial bill on the behalf of buyers. This means that in case the buyers are unable to make the payment to the sellers on maturity date, the banks will , make the payment. For this service, the banks charge a commission from the buyers. Such a scenario takes place when the buyer is new or unknown for the seller or if the seller wants to be double sure that he will receive his payment.