Valentine Obi | Make your life more Comfortable with Digital Payments Digital payment is a method of paying cash or bills with the help of digital modes. In digital payments, receiver and sender both use digital modes to send and receive money. It is also called electronic payment. No hard cash is involved in this payments. All the dealings in digital payments are completed with the use of internet. It is a quick and easy way to make payments. On the other hand, if we think about cash payments, firstly we have to withdraw from the bank and then payment will be done. Lots of time will be wasted in this whole process. But In the electronic world, the transaction from one account to another can be done in a few seconds. This is an immediate process and the time will be not wasted in visiting banks. Valentine Obi provides electronic transaction platforms that allows everyone to make cashless payments for products or bill payment via mobile, cards phones or internet. It includes the number of advantages from cost to time savings. Increased Rate of speed and Comfort:- E-payment is a comfortable source as compared to traditional payment methods such as cash or check. With this, everyone can pay for goods or services at any time whether it may day or night and also from any part of the world. No need to waste time in the banks, and nor to wait for the approval of the check. E-transaction also eliminates the risk of security that arises in handling the cash money.
Increased Product sales:- As internet banking and shopping become popular, the number of people making cash payments is decreasing. According to Bank rate, more than two-thirds of consumers carry less money a day, meaning electronic alternatives are increasingly becoming the preferred payment option. As such, e-payment enables companies to make product sales to the customers who choose to pay electronically and gain a competitive advantage over those that only accept traditional methods. Minimized Transaction Costs:- While there are no additional charges for making a cash payment, trips to the store typically cost money, and checks also need postage. On the other hand, there are
usually no fees – orvery small ones – to swipe your card or pay online. In the long run, e-payment could save both individuals and businesses hundreds to thousands of dollars in transaction fees. Digital payments are more hassle-free than cash payments. No need to carry cash in pocket, any time you can do digital payment within a very short interval of time. Each and every payment made digitally are recorded automatically and can be checked whenever needed. We all like simplicity and ease. Hence, we can say that Digital payments are the future of fund transfer and money transactions.