There is no iota of doubt that, many individuals prefer to utilise express cards, debit cards for daily transactions instead of paper notes, coin currency. This phenomenon is offering multifarious benefits to People However, sometimes a couple of problems emerge due to some. The following paragraphs would shed light on Pros and cons of cashless transactions.
To commence with the first notion that, the plastic money is easy and convenient to use for purchasing the goods from shopping malls and online. Additionally, the debit cards and credit cards have a terms and conditions for using it. Like as: masses can enjoy discounts on shopping while pay the amount of money in terms of credit cards. In addition to, there is fear of robbery whenever a person has a paper money at their place. Where as, the cards provide better safety as well as security due to sometime our card is misplace people can be suddenly complaint to bank for block their debit or credit card.
On the flip side of a coin, there are some nasty consequences as well because in many places this type of transactions cannot take place. Firstly, the small shopkeepers and vegetable vendors did not have a swipe machine for payments. Secondly, in some countryside area sellers did not accept cards because they are not well educated. So, the proper knowledge is required for using the express cards everyone cannot know about the use of A. T. M Machine and swipe machine. Last but not the least, some problems people face daily like as fraud cases on net banking transactions.
In conclusion, I personally believe that this trend will not useful for all sections of the Community Although, many folks are not aware about to use the electronic transactions However, the efforts should be made by government to minimise the robbery and fraud cases. So, people can be enjoying their life.
There is no iota of doubt that,
many
individuals prefer to
utilise
express
cards
, debit
cards
for daily transactions
instead
of paper notes, coin currency. This phenomenon is offering multifarious benefits to
People
However
,
sometimes
a couple of problems
emerge
due to
some
. The following paragraphs would shed light on Pros and cons of cashless transactions.
To commence with the
first
notion that, the plastic money is easy and convenient to
use
for purchasing the
goods
from shopping malls and online.
Additionally
, the debit
cards
and credit
cards
have a terms and conditions for using it. Like as: masses can enjoy discounts on shopping while pay the amount of money in terms of credit
cards
.
In addition
to, there is fear of robbery whenever a person has
a paper money
at their place.
Where as
, the
cards
provide better safety
as well
as security due to sometime our
card
is misplace
people
can be
suddenly
complaint to bank for block their debit or credit card.
On the flip side of a coin, there are
some
nasty consequences
as well
because
in
many
places this type of transactions cannot take place.
Firstly
, the
small
shopkeepers and vegetable vendors did not have a swipe machine for payments.
Secondly
, in
some
countryside area sellers did not accept
cards
because
they are not
well educated
.
So
, the proper knowledge
is required
for using the express
cards
everyone cannot know about the
use
of A. T. M Machine and swipe machine. Last
but
not the least,
some
problems
people
face daily like as fraud cases on net banking transactions.
In conclusion
, I
personally
believe that this trend will not useful for all sections of the Community Although,
many
folks are not aware about to
use
the electronic transactions
However
, the efforts should
be made
by
government
to
minimise
the robbery and fraud cases.
So
,
people
can be enjoying their life.