Use these modes of cashless transaction

By - Paisafatafat Blog

  • 2017-09-13 10:02:05
  • Credit card

Cashless payments are very much a rage in the recent times when most people bear the opinion that carrying cash for making payments is much of a hassle. Risk of theft, frequent bank trips and maintaining track of the money in wallet are some of the reasons why cash transactions appear to be unattractive for many. Thus, they opt for the ‘plastic money’ i.e. debit cards, credit cards and various other forms of cashless payments.

Here are some of the most notable ways to pay without cash. Read on to learn about them-

  • Credit card

Credit cards can help you to pay for your purchases simply through a card swipe. On each spend, you get lucrative reward points which may be used later for other purchases. Credit card bills however need to be cleared on time or else you may fall prey to a vicious debt trap.

  • Debit card

Debit cards offer you money for payments through ATM Machines that function 24/7. It is not a credit that you take but is the money from your own account that you withdraw through the ATM Machine.

  • Net banking

By logging into your net banking account with the help of a unique user ID and password you can make payments anytime and anywhere. All you need is a high speed internet connection.

  • E-wallets

E-Wallets are a digital substitute of physical wallets and can be used to store your money. When money is needed, you can transfer it from one person to another via these wallets, which are specific kind of downloadable mobile apps.

Leave a message