What are the advantages of traditional payment methods compared with electronic payment?

1, simple, convenient, anonymous and highly secure.

2. Off-site transaction and exchange function, to avoid counting mistakes and save time.

3. Efficient and convenient, reducing cash flow, simplifying collection procedures and improving settlement efficiency.

4. Avoid the possibility that cheque payment cannot be exchanged.

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Disadvantages of traditional payment methods:

1, easy to fail, high transaction cost and low security.

2. Business expenses are high, convenience and effectiveness are not as good as cash, and there is a possibility that it cannot be cashed.

3. It is easy to be worn, lost, stolen or forged, and the trading time and space are limited (the trading time and space are inseparable), so it is inconvenient to carry a large number.

4. Traditional payment methods mostly carry cash, and cash is the attachment of the virus.