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Nowadays plastic money replacements such as credit and debit cards are extremely popular, even more than banknotes and coins. Discuss the advantages and disadvantages of this. Include your personal opinion and examples based on your own experience.

Nowadays plastic money replacements such as credit and debit cards are extremely popular, even more than banknotes and coins. Discuss the advantages and disadvantages of this. Include your personal opinion and examples based on your own experience. Ejy3

It is irrefutably true that technology has been ushered a sea change in every filed, so that invention of plastic money brings a huge change in human life; However, paper money has taken back seats in the contemporary era. Plastic money is being gained popularity due to many reason which will be discussed in the upcoming paragraphs. To outset, there are many reasons why I think credit and debit cards make easier life as compared to the earlier. First and foremost cause is that gone are the days when people had to take huge chunks of money from one place to another for their business transactions. In the modern era, huge amount of money can be transferred at the snap of finger, stolen money risk may be mitigated owing to invention of these cards as well as these cards can be put in the small pockets. Secondly, online transaction are globally accepted in order to reduce the payment time because these transaction make round the clock from home which is convenient for business run. To cite an example, ordering online product has become every body cup tea from setting their homes. On the other hand, every coins have two sides so that it also brings dark side with it, firstly, if technical issues held, payments cannot be completed as a result conflicts might be held between two business man, it can become hurdle in the success of business. On the other hand, online account can be hacked by hacker in order to withdraw money as a consequence, a person will have to bear financial loss. Last but not least, impulsive shopping habits has been escalated because of credit cards where as banks not only charge high amount of interest rate but also collect money due to providing other services. To encapsulate, given aforementioned information, it is abundantly clear that its benefits hold more water than drawbacks it is like a double edge sword, it will not bring troubles for you unless it is user widely.

It is irrefutably
 true that technology has been ushered
 a sea This phrase/word (depending on the context) can be potentially replaced with :alteradjust
change
 in every filed, This phrase/word is too simple and can be replaced with:consequently
so
 that invention of plastic You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
 brings a huge This phrase/word (depending on the context) can be potentially replaced with :alteradjust
change
 in human life; However
, paper You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
 has taken back seats in the contemporary era. Plastic You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
 is being gained
 popularity due to Possible agreement error. The noun reason seems to be countable; consider using: "many reasons".many reasons
many reason
 which will be discussed
 in the upcoming paragraphs.

To outset, there are This phrase/word is too simple and can be replaced with:a plethora ofa number ofnumerous
many
 reasons why I This phrase/word (depending on the context) can be potentially replaced with :reckonassumebelieveconsider
think
 credit and debit You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
cards
This phrase/word (depending on the context) can be potentially replaced with :createconstructmanufactureproduce
make
 easier life as compared to the earlier. First
 and foremost cause is that gone are the days when This phrase/word (depending on the context) can be potentially replaced with :individualsnationsociety
people
 had to take huge chunks of You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
 from one place to another for their You use this word too often, consider replacing it withfieldworkemploymenttrade
business
 transactions. In the modern era, huge amount of You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
 can be transferred
 at the snap of finger, stolen You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
This phrase/word (depending on the context) can be potentially replaced with :hazarddanger
risk
 may be mitigated
 owing to invention of these You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
cards
as well
 as these You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
cards
 can be put
 in the This phrase/word is too simple and can be replaced with:tiny
small
 pockets. Secondly
, online transaction are globally This phrase/word is too simple and can be replaced with:admissible
accepted
 in order to This phrase/word (depending on the context) can be potentially replaced with :alleviate
reduce
 the payment time This phrase/word is too simple and can be replaced with:due to the factin light of the fact thatowing to the fact that
because
 these transaction This phrase/word (depending on the context) can be potentially replaced with :createconstructmanufactureproduce
make
 round the clock from home which is convenient for You use this word too often, consider replacing it withfieldworkemploymenttrade
business
 run. To cite an example, ordering online product has become every body Did you mean "cup team"?cup team
cup tea
 from setting their homes.

On the other hand
, every The noun should be probably in the singular form: "coin"?coin
coins
 have two sides This phrase/word is too simple and can be replaced with:consequently
so
 that it also
 brings dark side with it, firstly
, if technical issues held, payments cannot be completed
as a result
 conflicts might be held
 between two You use this word too often, consider replacing it withfieldworkemploymenttrade
business
This phrase/word (depending on the context) can be potentially replaced with :individualresidentcitizen
man
, it can become hurdle in the success of You use this word too often, consider replacing it withfieldworkemploymenttrade
business
. On the other hand
, online account can be hacked
 by hacker in order to withdraw You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
 as a consequence, a person will This phrase/word is too simple and can be replaced with:ought to
have to
 bear financial loss. Last This phrase/word is too simple and can be replaced with:on the contrary
but
 not least, impulsive shopping habits has been escalated
This phrase/word is too simple and can be replaced with:due to the factin light of the fact thatowing to the fact that
because
 of credit You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
cards
Did you mean "whereas"?whereas
where as
 banks not This phrase/word (depending on the context) can be potentially replaced with :exclusively
only
 charge high amount of interest rate This phrase/word is too simple and can be replaced with:on the contrary
but
also
 collect You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
 due to providing other services.

To encapsulate, This phrase/word (depending on the context) can be potentially replaced with :accorded
given
 aforementioned information, it is abundantly
This phrase/word (depending on the context) can be potentially replaced with :apparent
clear
 that its benefits hold more water than drawbacks it is like a double edge sword, it will not bring troubles for you unless it is user widely
. 