During A Survey MasterCard Did, Eight Out Of 10 People Asked Said Debit Cards Were Easier To Use And More Convenient Than Cash

Category: Finance, Credit.

The end of the British pound may well be approaching, in its physical form anyway. It is a logical step!

Digital money is pretty much king, and with the new wave of" cashless payment systems" being introduced all over the United Kingdom is it little surprise that experts expect cash to become irrelevant in modern society. Reports from MasterCard show debit and credit card business are all the time more becoming our favoured method of payment. If these results are accurate, it seems that not too far from now cash will be made redundant. During a survey MasterCard did, Eight out of 10 people asked said debit cards were easier to use and more convenient than cash. You may have heard of the Oyster cards on the London tube network, and now some retailers in London are accepting this method for small fees. You just have to remember to top it up.

You simply hold up your card to a reader and the amount you owe is debited there and then. Though this holds possibility of becoming annoying, it allows you to limit your spends very well! The" wave and go" cards have already been introduced all over the capital, with well over a thousand shops using the service, Threshers, from Krispy Kream, YO! Its for sure that cash, debit and even traditional credit cards are being given a run for their money by a new generation of cards that could replace all three, all in one go. Sushi, Books Etc and" Eat" . It simply wont work if there is not enough money on the card.

It s achingly easy to use, by just keeping it topped up like your pay as you go mobile, your pay as you go debit card allows you to freely pay for all the petty price bills without taking up any room in your wallet, leaving you with no ghastly coppers and not letting you go into your overdraft. The magnetism for you and me, with our purses bulging with a heap of credit cards, numerous debit cards and penny coins, is simple to understand. Especially for the coffee shops struggling with the commuters needing their early morning buzz, or the fast food chains struggling at dinner time. And the appeal to shops and restaurants is understandable too. This really could be the big change we ve been waiting for.

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