Consider the advantages and disadvantages of cash and electronic payment

1. Convenience - For the buyer, of course, prefer to have several payment cards than a lot of notes and coins, but keep in mind that electronic means of payment, as opposed to cash, do not have the official status of legal tender. In this regard, any recipient of funds at its discretion, to refuse to accept certain credit or debit card when paying for goods or services. Moreover, payment by electronic means, requires a special technical device, in which no failures are excluded. The work of technical devices is not possible during periods of power outages and the areas affected by natural disasters. Disruptions in the payment system during a natural disaster in Southeast Asia and the U.S. confirm the validity of these words. 2. Easy to use. The calculations use cash is easier than e-money, since in this case does not matter the age, sex, educational level, the parties do not require special technical devices, and there is no need to notify a third party and wait for its confirmation of the right of the transaction and the recipient of funds can immediately spend them. 3. Ease of funds. Cash allows the drawee more economical to spend their money. According to sociologists, using a payment card, a "virtual repository" of money, people are much easier to part with them than having them in cash. 4. Anonymity. When payment of goods or services by cash buyer has the opportunity to preserve their anonymity, and electronic calculations for individual payer is identified by means of technical devices. In this regard, buyers, not wishing to have their operations became known to the general public prefer to use cash. 5. The rate calculations. In the implementation of payment for goods and services using payment cards, as opposed to cash, payment processing speed slows down because of the need to seek confirmation for the payment to a third party, in turn, negatively affects the turnover of retail trade enterprises. 6. Security. In case of loss or theft of credit and debit cards can save the owner money by locking operations for lost cards. However, there is a danger hacking electronic systems by hackers, who create a variety of traps to steal money from customers' accounts, thus ensuring the preservation of "electronic money" is still a serious problem. 7. Cost-effectiveness. For modernization and improvement of electronic payment systems use the latest technology, which inevitably leads to an increase in the total costs associated with the organization of the payment process. According to foreign experts, the costs in making payments through credit cards are much higher than in cash. 8. The possibility of the state of the emission control and treatment. Cash is the obligation of the central bank in the country, which can not fail, by definition. While electronic means of payment - it is the obligation of credit institutions or commercial enterprises, in case of bankruptcy, which means keeping customer accounts in question. Topic: A PRACTICAL ANALYSIS OF MONETARY ISSUE