What are the advantages and disadvantages of traditional payment methods

1, cash payment

Advantages: direct, convenient, intuitive payment experience.

Disadvantages: peak queuing, the existence of insufficient change, counterfeit currency and other phenomena, it is difficult to establish a connection with customers, and it is more difficult to penetrate into the depth of marketing and promotional information.

2, brush the savings card payment

Advantages: the balance of the case is sufficient to brush up the convenience.

Disadvantages: If you want to buy something and find that the balance of the card is not enough, you can not completely transaction.

3, credit card payment

Pros: the biggest advantage of credit cards is that you can overdraft consumption in advance, which also solves the problem of wanting to buy this item, the savings card balance is insufficient, credit cards do not have to deposit, directly to the bank to give you the first line of credit, just to the final repayment date will be paid back on the bill can be.

Disadvantages: For those who can't control their spending power, if their repayment ability is limited and they have to overdraw their credit cards without restraint, then once they owe money, they will not only incur all kinds of interest, but will also affect their personal credit history.

Expanded Information

Cash payment scope:

1, payment of wages, bonuses, allowances for individual employees.

2. Payment of employees' pensions, funeral grants, and various labor insurance and welfare, and other expenditures on individuals as stipulated by the state.

3. Payment of individual labor compensation.

4. Payment of bonuses to individuals for science and technology, culture and art, and sports in accordance with state regulations.

5. Payment of the price of agricultural and sideline products and other materials purchased from individuals.

6. Travel expenses that must be carried with the traveler on business trips.

7. Incidental expenditures below the starting point of settlement (1000 yuan).

8, other expenditures determined by the People's Bank of China need to pay cash.