In a cashless society, people use more credit cards. What are the advantages and disadvantages of this phenomenon?
Cashless society is a new phenomenon which is opted by many develops countries around the globe. There are many advantages and disadvantages which are discussed in the following paragraphs.
Firstly
, technology has upgraded the habits of consumers as these days; they like to pay through digital modes rather than cash
. It is easy for them as they do not have to take the cash
along with them which
saves them from theft and criminals. Accept comma addition
them, which
Next
merit is that paying through digital method offers discounts
and Accept comma addition
offers, discounts
cash
backs to the public which makes it more convenient for them. For example
, a survey has been conducted by research which suggests that it is secure to pay electronically for any transactions which boost the economy of the country. On the contrary
, there are some drawbacks of cashless society
. Sometimes automated machines stop working in the middle of the transaction as Suggestion
the cashless society
a cashless society
money
has been deducted from Suggestion
the money
consumer's account
which is not Suggestion
the consumer's account
been
received by the concern party so in those cases cards are not useful. the state or fact of existing
being
Furthermore
, in some cases, customers forget to bring cards then
they are unable to pay their bills and cannot buy the things which are drawbacks of it. For instance
, a new channel reports that a person went for paying his electricity bill so he paid with credit card
due to Suggestion
a credit card
technical issue
of machine it does not Suggestion
technical issues
a technical issue
accepted
the money which results in Suggestion
accept
deduction
of the amount Suggestion
a deduction
the deduction
form
the account.
To conclude, a giver or sender
from
cash less
society is a good way to boost the not involving cash
cashless
economy but
it should not be fully applied. By establishing Accept comma addition
economy, but
cash less
community, government need to be sure about the consequence of it.not involving cash
cashless
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Structure your answers in logical paragraphs
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Stick to this essay structure:
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- Paragraph 2 - First supporting paragraph
- Paragraph 3 - Second supporting paragraph
- Paragraph 4 - Conclusion
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