Some individuals contend that the popularity of card payment systems is convenient and increases economic transparency, while others believe that this trend excludes in-need groups of people and it is a danger to their personal privacy. This essay will argue that although paying in cash is safer because it does not leave any marks, having your payment record being saved is greater.
Firstly, paying in cash does not leave traces. To further clarify, cash payment does not require any bills. So the person’s purchase history is completely safe and impossible for any thieves to search for. For instance, research from Harvard University in 2020 illustrated that 99% of people who use cash as their main payment method got a secured payment history. However, drawbacks like risking your cash being stolen in the public is still a great issue.
Secondly, paying in card can easily save your purchase history. To further explain, many people tend to throw away their bills after purchasing an item, which leads to big issues when they want to refund the item. However, by using a credit card, it is significantly easier for individuals to look back at there purchase history without an existing bill. For example, research from Harvard University in 2019 reveals that 78% of successful refunds in America happens due to the buyer having an online receipt from their payment history. With this research, this essay contend that cashless payment brings a lot more clarity and convenience.
In conclusion, having in cash payment secured the buyers buying history but also bringing the risk of their money being stolen in the middle of the street. While cashless payment granted the users the convenience of having your purchase history being saved automatically