Cashless payments: Advantages and Disadvantages

Here are some benefits of cashles payment:

• No more searching for change. Simply pull out your card or smartphone and you're done.

• Quick and easy.

• No waiting for change, no long checkout lines.

• Safer on the go. Without cash in your pocket, you're less susceptible to theft.

• Everything at a glance. Your spending is recorded digitally and you always have an overview.

However, there are also a few drawbacks here:

• Dependence on technology. What do you do if the terminal doesn't work?

• Less control over spending. With a card, you often spend more than you think.

• data protection. Every payment leaves digital traces.

What you should think about

Do you always have an overview of your spending? If not, cashless payments could quickly get out of hand.

How safe do you feel without cash? Perhaps a mix of both would be ideal for you.

Conclusion

Cashless payment has clear advantages: It is fast, easy and secure.

But there are also things you should consider.

Find out for yourself what works best.