Are you Prefer Cash Or Cashless (Debit Card, Credit Card or e-wallet) for your Payment?

[Edulady]

I prefer to use cash though to avoid getting a lot of charges on my card. I withdraw once every month.

 

[Knowledge Quest]

I prefer making use of e-wallet for making purchases. I hate carrying cash around.

 

[cherry123]

i always prefer transacting with cash it helps keep me away from spending on a higher level with other methods

 

[Heatman]

Personally, I'm more than happy to make all my purchases with cash. Using card comes with a lot of charges and the fear of getting caught up in cyber risk is always there.

 

[Magnus2022]

It depends on the circumstances I saw myself. I prefer to use both depending on the situation on the ground. Most people in rural areas don't use transfers because of high level of poverty and illiteracy

 

[RicAngelo]

Paying through E-wallets is easier and saves time and in India we use UPI interface through which we don't need to add account number of the person whom we are paying

Yes, indeed, as long as we bring our phone with us.

We still need to have cash with us because still there are many sellers that don't accept only payments

Its depends on the situation, though, but these days even small shop provide payment thru e-wallets

I am a bit traditional, so I prefer cash for my payments.

I understand, maybe later you'll use it

 

[LoukiaCharilaou]

Yes, indeed, as long as we bring our phone with us.

Its depends on the situation, though, but these days even small shop provide payment thru e-wallets

I understand, maybe later you'll use it

Yes, perhaps later I will use it. I believe that in some years we will not have the cash option for payments anyway.

 

[oldbuddy]

I mostly use Credit Cards for the cashback, but I am disciplined to always pay the full balance off every month so it doesn't cost me any extra and all my cards now days are touchless so Covid is not a factor.

 

[Sanjeev]

I don't prefer to pay cash but pay through UPI or QR code through a smartphone as that is the easiest way to pay.

 

[Niyi Briggs]

The risks associated with cashless policy in my country is fraud. They can just give you fake alert and off they go. You lose, they don't care.

Cashless economy has the potential for unequal access, increased privacy concerns, dependence on technology and system failures. There is also the possibility of increased transaction fees and reduced anonymity in financial transactions.

 

[RicAngelo]

I mostly use Credit Cards for the cashback, but I am disciplined to always pay the full balance off every month so it doesn't cost me any extra and all my cards now days are touchless so Covid is not a factor.rhat

Full paymen is the whole point when dealing with credit card. To be honest, i got a lot benefits from my credit cards before but after covid and i'm no longer working with big company, my wife and i decided to close all of my credit card to avoid debt. Maybe, i will use it again after we settling down. But for now using debit card/e-wallets are the best option for me

 

[IB D]

In Nigeria, where digital payments are not properly recognized, it is preferably to use cash. That's because when you want to restock, you would have to pay with cash. Although there's scarcity of cash this election period.

 

[RicAngelo]

i see @IB D i hope next time, digital payments are available all over Nigeria, for me i dont need to bring more cash, just use my phone to pay for it, and its really helpful

 

[eldavis]

For me i actually prefer cashless though i can make the transfer anytime and from anywhere with compete ease. The best part is i do not even have to work around with money.

 

[Bisolami]

There are many options to pay for something that you buy these days. As far as i know every store will give you the option how to pay their product, cash, with debit card, credit card or using e-wallet (using QR code and you need your smartphone for this).

Me, myself prefer cashless (debit or e-wallet), since pandemic i closed all of my credit card so credit card is not my option anymore. To be honest, i never brings much money when i went to resto or malls, i will use my debit card or e-wallet (there are several e-wallet apps that installed in my phone) so i dont have to worry about lack of cash.

How about you guys? Do prefer cash or cashless?

The situation of my country at the moment will make me prefer cashless policy as at now.

 

[Reedex]

I can take any of the two payments system because both are preferable.

 

[oldbuddy]

I prefer my Discover Credit Card because they pay me Cash Rebates that are usually over $1,000 USD per year and I always pay my total bill every month so there is no interest charged.

 

[Niyi Briggs]

We have an e wallet that doesn't charge anything on transactions and they still give you cashbacks. I use that platform to seamlessly make payments.

 

[RicAngelo]

The situation of my country at the moment will make me prefer cashless policy as at now.

what kind of situation? if you want to explain, I prefer cashless because I can manage my own expenses by tracking them from the history of the transaction and it is really helpful

 

[IB D]

I would have preferred bank transfer as my preferred payment method on default but it is a serious cause of concern in my country. We are not yet ready for internet banking.