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.

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Electonic
transactions
are widely used and gradually replacing the traditional banking system of notes and coins.
The society
Correct article usage
Society
show examples
has accepted
this
transformation and they find
this
as
easiest
Correct article usage
the easiest
show examples
way to do the
transactions
.
This
essay deals with both
cons
Correct article usage
the cons
show examples
and pros of
this
paradigm shift.
Firstly
, in
this
fast and busy lifestyle the people are not ready to wait for anything and anyone they avoid the queue
infront
Correct your spelling
in front
of Banks to write
cheque
Add an article
a cheque
the cheque
show examples
and to transfer it to
thier
Correct your spelling
their
this
account. In order to
that
Add a missing verb
do that
show examples
with the help of plastic
money
transactions
Add a comma
,transactions
show examples
they can easily transfer with a blink of an eye.
Moreover
,
eCommerce
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the eCommerce
show examples
industry has flourished and many business
start ups
Add a hyphen
start-ups
show examples
gain profit with the help of
this
and
Correct article usage
the
show examples
economy has risen.
In addition
to that, the business would not stop
in
Change preposition
during
show examples
normal business hours, the
transactions
are available
for
Change preposition
apply
show examples
24/7.
On the contrary
, these systems
has
Change the verb form
have
show examples
negative aspects
also
. The primary threat to
such
online payments is hacking and cybersecurity.
For example
, the owner of
credit
Correct article usage
a credit
show examples
card
hold
Replace the word
holders
show examples
would suffer
a
Change the article
an
show examples
extreme financial loss if his card has
cloned
Add a missing verb
been cloned
show examples
or hacked.
Eventhough
Correct your spelling
Even though
, it is a
hassle free
Add a hyphen
hassle-free
show examples
technology sometimes the technical
errror
Correct your spelling
error
happens and from
that
Add a comma
,that
show examples
we can lose our
money
without any prior information. Sometimes, the bank will charge additional fees for payments as
maintainance
Correct your spelling
maintenance
charges or annual charges and by
this
Add a comma
,this
show examples
we can lose the major share of our
money
. Altogether to conclude, despite some adverse
Replace the word
effects
show examples
affects
Correct your spelling
effects
show examples
, the use of
pastic
Correct your spelling
plastic
money
is inevitable to meet myriad requirements of the people. We have to be vigilant and safe by using
this plastic
Change the determiner
this plastic transaction
these plastic transactions
show examples
transactions
.
Submitted by kasthurivijayan1991 on

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