Most of the consumers today use four main ways of payment for transactions. These are the Credit card, Debit card, Checks and cash. The prime concern of this paper is the advantages and disadvantages of the debit cards as compared to the credit card and checks.
AdvantagesTime- Purchases using debit cards take a little time to complete because traders accept hem more readily and with less scrutiny than the other two forms. Transactions are thus completed quickly and conveniently. Enhances discipline in spending- a debit card user is only allowed to spend the money that is present in the Continue reading...