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It is said that days of cash-based transactions are nearing its end. Although the use of cash is still the most commonly used instrument in paying for your groceries, electricity, rent, utilities, shopping and other purchases, an increasing number of people are using credit cards to pay for their purchases. Payment by means of credit cards is preferred by many people because of its convenience, security and other incentives offered by credit card companies for the use of cards. Having an instant credit to pay for what you buy is an added motivation for having a credit card. Moreover, it is now easier and cheaper to settle your credit card account monthly. It is advisable for users to find the best balance transfer credit cards so that payment will be a lot easy. Convenience of credit card use In the same vein, many companies will now prefer to accept credit card payments than cash payments because it will save them time, money and effort in going to the bank each day to deposit their cash sales. On the other hand, more people choose to pay by means of credit card because they can pay their account with 0 interest on balance transfers for the use of their other credit cards to pay credit cards already due. From supermarkets to real estate companies, credit card transactions have been in its highest percentage in over a number of years and cash transactions are no longer the most chosen means of payment. Some companies even provide discount, rebates, and other incentives on the transaction if the customer or client will pay using their credit cards. Likewise, payment through checks is losing its steam in favor of credit card transactions. A lot of companies will no longer accept check because of the hassle of having to wait for the clearing period and of going to the bank to present the check for payment. Moreover, issuance of a check coming from unknown individuals whose background is unfamiliar is often rejected by sellers for the reason that there might be a very high chance that the said check may bounce for being unfunded. Thus, the amount expended for the collection of unfunded checks such as legal fees, lost of income and the like is often very substantial. Moreover, the time within which to recover from unfunded check payments will take a very long time. Using credit cards at your advantage On the other hand, credit card payments is automatically credited to the seller’s account in a matter of seconds and thereafter, the seller can automatically withdraw the amount in any part of the country at any time. Similarly, in case the credit card of the purchaser has exceeded his credit limit, the seller can just reject the card and the buyer may just have to come back to purchase the product when his credit card can already accommodate the payment. With this, the seller will be protected from non-payment of products already given to the buyer and at the same time, the buyer will be discouraged to purchase items beyond his means. As stated above, payment for credit card accounts can also be made through other credit cards which offer zero interest balance transfer, thus minimizing the cost of using credit cards. Since time immemorial, people have been using cash, in one form or the other, to transact business or to purchase goods and services. However, one cannot imagine that the use of cash or even check as mode of payment will soon be over. With the advent of cashless transactions, the exchange of goods and services has become more easy and convenient. One of these days, our wallets will only contain credit cards and that the thought of paying by means of cash will be considered a thing of the past. bestcreditoffers.com will provide you with more details about the best balance transfer credit cards and other transactions pertaining to 0 interest balance transfers.
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