View Single Post
  #7  
Old 03-31-2019, 11:49 PM
ethanscott ethanscott is offline
Junior Member
 
Join Date: Mar 2018
Posts: 27
Default Re: Credit card or Mobile Payment ?

This one is a little hard to answer. Both credit card and mobile payment have their advantages as well as disadvantages. Let's consider them.

1) Mobile Payment

Advantages:
They offer the convenience of processing
You can better track of all your past transactions and inventory on your mobile screen
Increases the speed of customer check-outs
No processing fees

Disadvantages:
You need to have a smart-phone that has an NFC (Near Field Communication) to make the payment. Mobile payment won’t work for a normal cell phone.
In case you have a dead battery or facing any glitches with your phone, the transactions may not happen correctly

2) Credit card:

Advantages:
You can buy the desired commodity even if you do not currently have sufficient balance in your bank account.
You can spread out your purchases
Score rewards point on your bill payments. For example, CRED, exclusive members-only app, gives exclusive rewards on the payment of your credit card bill.

Disadvantages:
Sometimes credit card levy additional processing fees
If all the dues are not cleared on time, you can end up with a pile of credit card debt
Reply With Quote