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 the present world, we live in
cashless
Add an article
a cashless
show examples
society as
credit
and
debit
card
usage
is extremely popular and had taken over banknotes and coins. Is
usage
Add an article
the usage
show examples
of plastic
money
replacements only have advantages?
this
essay will discuss both positives and drawbacks.
To begin
with,
the
Correct article usage
apply
show examples
card
usage
is popular among the countries because of its
Correct your spelling
convenience
convinience
Correct your spelling
convenience
. A
debit
or a
credit
card
can be easily carried by people and it fits into a small space or else they can install the bank app
to
Change preposition
on
show examples
the phone and use it to make payments.
Moreover
,
debit
cards
are comparatively safer than printed
money
.
For instance
, whenever a
card
got misplaced, unlike cash the owner does not have to worry about it because the
cards
require a pin number and if the bank is
acklowledged
Correct your spelling
acknowledged
about the stolen
card
it will be blocked and the
theif
Correct your spelling
thief
cannot use it.
Also
Add a comma
,Also
show examples
people
does
Change the verb form
do
show examples
not lose
money
during transactions. To exemplify, the person can pay the exact amount to the shop and the customer or the shop will not lose any
money
.
On the other hand
, there are disadvantages related to
the
Correct article usage
apply
show examples
plastic
money
replacements as the
card
payment is not accepted everywhere.
As a result
, those who only use
cards
can only shop in places with
eftpos
Correct your spelling
EFTPOS
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facilities
facilties
Correct your spelling
facilities
.
Additionally
,
usage
of
credit
cards
also
promote
Change the verb form
promotes
show examples
consumerism as some
cards
does
Change the verb form
do
show examples
not have a limit.
Thus
people end up spending more and
buy
Wrong verb form
buying
show examples
Correct your spelling
unnecessary
uncessary
Correct your spelling
unnecessary
items despite its requirement. To exemplify, customers have the option to save their
cards
on websites and
this
will result
on
Change preposition
in
show examples
buying
Correct your spelling
unnecessary
unnessary
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unnecessary
products and some even end up
debt
Change preposition
in debt
show examples
. In
Correct your spelling
conclusion
conslusion
Correct your spelling
conclusion
, there are advantages and disadvantages
living
Change preposition
to living
show examples
in a cardless society. By carefully analysing the information given it is clear that both
debit
and
credit
cards
and printed
money
is important to
the
Correct article usage
apply
show examples
society.
Submitted by Chathusizzie on

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