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Advantages;
Customers have a choice whether to visit the shop or purchase using the internet.
Disadvantages;
Someone can easily find out your card details and use you card - lack of security
Not always reliable - can easily break or not work if phone lines are down
They can sometimes over charge you or display the wrong cash amount
Can frequently decline your card
Not all of them accept certain cards - e.g. American Express
Wiki User
∙ 11y ago
Wiki User
∙ 9y agoThink about the advantages and disadvantages of electronic cash when it comes to the time aspect. Although it doesn't take a ton of time to write a check or pay with money and wait for change, it does take longer than a simple debit or credit card transaction. If you hate waiting in lines at the grocery store, this might help things along.
Consider the safety of your finances. In general, the advantages and disadvantages of electronic cash lean in the direction of safe when it comes to E-money. There is less chance of someone stealing your wallet and using your money because cash is unmarked. Credit and Debit Cards, on the other hand have names and PIN codes. Of course, if someone actually does hack your account, however, a lot more money is at stake.
Wiki User
∙ 11y agoElectronic payment system is software system that funds transfer one party to another over the electronics Medea on Internet.
Wiki User
∙ 11y agodisadvantagesof the Digital Cash?
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Features of an ideal electronic payment system?
Advantage & dis advantage of iDEAL payment system
What are the advantages of the DOKU payment system?
The DOKU payment system is a highly monitored online purchasing system. The advantages of this system is that it will only let a person buy on reliable websites, and assures transactions occur.
Types of electronic payment system?
Many types of electronic payment systems exist, but the average number is about seven, including Debit cards, Credit Cards, Electronic Fund Transfers, Direct Cards, Direct Debits, Internet banking, and e-commerce payment systems.
How limitations of traditional payment intruments are overcome by electronic payment system?
The limitations of traditional payment instruments are overcome by electronic payment systems that allow people to pay for things via credit card quickly online.
What are the advantages and disadvantages in using echelon system?
About the NSA's system of eavesdropping on worldwide electronic messages.
Where can one find information regarding an electronic payment system?
You can find information regarding an electronic payment system through different places. A few examples are webserver, wikipedia, hoovers and many other websites around the world.
Advantages of electronic data interchange?
1. No paperwork required 2. Payment is made electronically via bank account
What are the advantages of a manual payroll system?
There are quite a number of advantages of a manual payroll system. This is not prone to technical hitches which affect electronic system and in most cases it has proved to be accurate.
When was Electronic Payment Services created?
Electronic Payment Services was created in 1984.
What is digital token in e-commerce?
The digital token based payment system is a new form of electronic payment system which is based on electronic tokens rather than e-cheque or e-cash. The electronic tokens are generated by the bank or some financial institutions. Hence we can say that the electronic tokens are equivalent to the cash which are to be made by the bank.
Advantages and disadvantages of balance of payment?
advantages of balance of payment
Advantages and disadvantage of balance of payment?
advantages of balance of payment
