Best Cashless Payment methods
Cashless Payment -
It's time we left without cash, because the purpose of demonization is not only
to eliminate black money but also to encourage cashless payments as well.
Instead of breaking your head by standing in the ATM queue, you must apply a
cashless method for the transaction. The cashless method is more transparent
because each transaction can be traced easily because it leaves footprints.
Many smart people have adopted the option of payment without new cash.
If you are wondering which cashless option, which you should
adopt here are some options cashlesspayment options for you. Checks are one of the oldest cashless payment
methods. This is a method known to everyone. With this method, you issue a
check for a certain amount to someone else. Checks will be stored in their
respective banks. The bank processes payment through clearing house. All
transactions conducted through checks will be recorded and there is proof of
payment. However, there are cases where check payments are not honorable due to
insufficient signatures or insufficient funds. To avoid such issues, you can
use other non-payment options.
Then the draft request is another way for transactions without
cash. This is the safest option to receive payments from anyone. The draft
request (DD) never fails because it is signed by the banker. The disadvantage
of DD and check is you need to visit the bank to order checks and checks. Check
cleaning or DD takes extra time. The simplest third method for cashless
transactions is online transfer using NEFT or RTGS. To make money transfers
online.
You need internet banking facility. Online transfers using NEFT
or RTGS are relatively faster than checks or DDs. Online transfer can be done
from anywhere by using internet facility. A credit or debit card is another
cashless payment method. However, the use of credit and debit cards is
increasing nowadays. The method limitation cashless
payment of this payment is the availability of the card swip facility (poS)
on the merchant end.
Best Cashless Payment methods
Reviewed by Penulis Blog
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