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.
It is irrefutable that nowadays, online payments and monetary transactions are in demand in comparison to coins and notes. In my opinion, it has several merits like it is convenient to use and forbids the illegal transaction,
however
, it has repercussion as well a certain set of sellers do not accept Linking Words
this
currency.
On the one hand, the exchange of money has become quite comfortable between the customers and the sellers. To be more precise, in Linking Words
this
cutting edge technology plethora of population utilize their debit or credit card in myriad requirements, Linking Words
such
as restaurants, taxi fare, airfare and lodging tickets and many more as it instantly transfers the amount to the payee account without any Linking Words
further
delay and evades the unnecessary arguments of the refund charges as the exact quantity gets credited from the bank. Linking Words
Moreover
, the government has introduced stringent guidelines, Linking Words
for instance
, everyone has to link their unique identification card number with their bank or plastic cash, limited funds can be transferred in a certain period of time, and pin number is mandatory while making online payments to refrain money laundering activities on a broader scale.
Linking Words
On the other hand
it has a drawback as well. It is not acknowledged by multifarious local sellers for purchasing the products. Simply stated, innumerable local shopkeepers Linking Words
such
as daily groceries, milkman, and vegetable sellers refuse to take these soft currencies because their monthly sales do not reach to a large scale that generates a need to open an account with these institutions. Linking Words
Therefore
, people are compelled to use notes Linking Words
instead
of electronic funds.
In conclusion, It cannot be denied that electronic funds have taken a place of notes and currencies, Linking Words
hence
, I do not but agree that its various benefits like easy to use, but there is one downside to them, it is not acceptable by everyone.Linking Words
Submitted by Rashme on
Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.
Your opinion
Don’t put your opinion unless you are asked to give it.
If the question asks what you think, you MUST give your opinion to get a good score.
Don’t leave your opinion until the conclusion.
Here are examples of instructions that require you to give your opinion:
...do you agree or disagree?...do you think...?...your opinion...?