• 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.

In recent times, electronic transactions are popular and it is replacing the traditional banking system and use of paper
money
which is supplanted by credit
cards
and debit
cards
. There are many benefits of
this
plastic
money
such
as it is easy to carry and a person can do transactions easily even in a foreign country.
However
, it cannot be able to use in small retail outlets and it creates massive problems when it is stolen or someone knew about your
card
details. In
this
essay I will discuss both the positive and negative consequences of plastic
money
and based on I will derive a conclusion. On the positive side, bank
cards
are easy to carry and more convenient to access. A person does not need to carry a bunch of hard cash.
For example
, if an individual wants to buy four-wheeler vehicles, so he cannot carry paper
money
with him.
Also
, there are many handsome discounts as well as offer available for purchase thins by
cards
.
Moreover
, it is accessible in every corner of the world.
For instance
, nowadays, it has become easy to shop with VISA or MASTER
CARD
, virtually from anywhere in
this
global village.
Also
, people do not need to standing in a long queue to pay their utility bills or convert their native currency to any other national currency. On the negative side, as every garden has weeds, plastic transactions have
also
drawbacks.
First
and foremost,
this
type of payments system is not accepted by small retailers or in rural areas people are not aware of it.
Also
,
this
cards
machines need an electric city to access them. It is not available 24×7 power supply in villages. To illustrate
this
scenario, about 6 months ago, I visited a village in Rajasthan state where I purchase cold drinks and I gave my debit
card
for payment but the shopkeeper denied it because he does not have swiping machine.
In addition
, it creates a huge issue if an anonymous is know about
card
details
such
as
card
number or password. For illustrate, in the present time, much news telecast on television that its sensitive data is hacked and the owner would suffer a great financial loss. To conclude,
although
having advantages
such
as it is the best and suitable payment method.
However
, the negative side cannot be ignored
Submitted by Ankit on

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Structure your answers in logical paragraphs

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A strong argument essay structure can be split up into 4 paragraphs, each containing 4 sentences (except the conclusion paragraph, which only contains 3 sentences).

Stick to this essay structure:

  • Paragraph 1 - Introduction
  • Paragraph 2 - First supporting paragraph
  • Paragraph 3 - Second supporting paragraph
  • Paragraph 4 - Conclusion

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