Nowadays, a lot of people use credit cards for online shopping. Do the advantages outweigh the disadvantages ?

The use of plastic money is blossoming among many people throughout the world. I believe it to be extremely disadvantageous, not only because of identity theft, but

also

because of spending beyond anyone’s means which is difficult to

payback

Suggestion

pay back

.

This

essay will explore how these mega drawbacks have the potential to outshine any

benefit

. There are multiple disadvantages of

credit

card

usage for e-commerce.

Firstly

, a major drawback associated with

this

development is that hackers hack the personal

information

of the users. Cyber criminals assume fake identities, and deliberately use the stolen

information

to gain financial benefits. Take an example of India, where the number of

credit

card

fraud victims is burgeoning due to the theft of personal

information

.

Thus

, the drawback of

information

theft

clearly overshadow

Suggestion

clearly overshadows

any

benefit

.

Secondly

, another major flaw related

with

Suggestion

to

the use of electronic payment system is increase of debt upon

people

Suggestion

the people

. Many people land in a lot of

debt which

Accept comma addition

debt, which

became difficult for them to return because they keep on buying unwanted things without thinking of

repercussions

Suggestion

the repercussions

.

For instance

, the American Bank has recently released a list of defaulters, who does not return their money used by

credit

cards, and sentenced to

penitentiary

Suggestion

the penitentiary

.

Hence

,

this

benefit

can almost single-handedly undermine any advantage.

However

, the only minor advantage I can relate to online payment is convenience, but

this

benefit

is extremely rare and elusive because using

credit

Suggestion

a credit card

credit cards

card

for bill payment contains a lot of risks, due to the fact that sharing personal

information

is more likely to be misused by hackers. To sum up, I believe that the disadvantages of using

card

money for shopping in terms of

cyber-crimes

crime committed using a computer and the internet to steal a person's identity or sell contraband or stalk victims or disrupt operations with malevolent programs

cybercrime

and have the potential to outshine any advantage of ease it brings.