Tag: Online payment

Apple pay benefits

Apple Pay is a mobile contactless payment system that uses the inbuilt NFC chip on an Iphon, Ipad or Apple watch. The wallet saves eight to twelve cards on the device, which can be used to make purchases at stores. So here this article gives the apple pay benefits to better understand this topic, Benefits of Apple pay: Apple pay will not charge shops or customers any fees for new initiative; You won’t need to […]

Stripe benefits | Pros and cons of Stripe

Stripe benefits

A stripe is an Irish-American financial service provider as well as in software businesses. The company have dual headquarter in San Fransisco, and another one is at Dublin, Ireland. In addition, stripe provides payment processing software like payment gateway and application programming interface for an e-commerce website or mobile application development. Therefore, let us check out the stripe benefits in this article to better understand this topic. Stripe Benefits | Pros of stripe It is […]

Pros and cons of square | Advantages of square online

Pros and cons of Square

 Square demonstrated to retailers all across the world that processing could be done more easily, anytime and whenever they were. However, there are no monthly fees with square and the transaction charge is cheap. Thus, let us check out the pros and cons of a square to better understand this topic. Pros of Square | Advantages of Square: Predictable flat-rate pricing. Most importantly all in one payment. Firstly it is Free tools for selling online. […]

PayPal benefits | Benefits of using PayPal

Benefits of paypal

PayPal is one of the world’s major online payment processors. PayPal has grown in popularity as a result of its collaboration with eBay, and online retailers all over the world now accept PayPal as one of their approved payment methods. So let us check the benefits of PayPal to better understand this topic. What are the benefits of PayPal? It is an extra measure of security for your credit card you buy. Purchasing goods and […]

Zelle pros and cons | Advantages and Disadvantages

Pros and cons of Zelle

You can pay from your bank with Zelle’s instant same-day transfers. Users can submit money even if they don’t have the software installed on their smartphones. However, you can also download an app and link it to a bank account. So, in order to better understand this subject, this article lists the pros and cons of the Zelle app. Pros of Zelle | Advantages of Zelle: It has instant transactions. There are no fees to […]

Venmo pros and cons | Advantages of Venmo

Pros and cons of venmo

A mobile-based social commerce network that allows users to send money through all forms of transactions. It assists with bookkeeping and collecting customer feedback. The ability to incorporate tailored incentives and a cashback experience increase customer loyalty. So here this article gives the Venmo pros and cons to better understand this topic. Pros of Venmo: It is easy to get started – set up an account and use it right away. No fees. Sending and […]

Cash app pros and cons | Advantages

Pros and cons of cash app

Cash app is a mobile payment service. The service was launched in March 2015 as a response to the growing growth of peer-to-peer transfer. Cash app is a function is roughly comparable to Venmo’s. Nonetheless, it lacks social components. So here this article gives the pros and cons of cash app to better understand this topic. Pros of Cash app: Simplifies reimbursements. Invest stock with no commission fees. You can use the cash app for […]

PayPal pros and cons | Advantages

Benefits of paypal

Thousands of retailers are using PayPal to cater to millions of consumers using the same platform around the globe., PayPal is commonly referred to as the most trusted and accessible method. So here this article gives the pros and cons of PayPal to better understanding this topic. Pros of PayPal: It is easy to setup up and uses You don’t need a merchant account It is safe You can set up recurring payments Your client […]

Pros and Cons of Credit Cards | Advantages

Pros and cons of credit cards

Credit cards have become an essential life tool. They can be used to make purchases you don’t have the cash for. Or to purchase something from a remote seller without having to wait for a physical check to be delivered. So here this article gives the pros and cons of credit cards to better understand this topic. Pros of Credit card: May earn rewards Can help you build credit if you are careful about the […]

Advantages and disadvantages of PhonePe

Advantages and disadvantages of PhonePe

Phonepe is an all-in-one digital wallet based in India that can be connected to a single debit/credit card or bank account and used for all of your online needs. The UPI-based platform protects any transaction from cybercriminals, keeping users’ financial information secure. So here this article gives the advantages and disadvantages of PhonePe to better understand this topic. Pros or Advantages of PhonePe: PhonePe is a convenient tool for business users. Payment of utility bills, […]

Advantages and disadvantages of UPI

Advantages and disadvantages of UPI

UPI stands for unified payment interface, it is a unique user ID that bank uses to accomplish real-time money transactions. The national payments corporation of India set up by the reserve bank of India and the Indian banks association back UPI. It facilitates the transfer the money between bank accounts and interconnectivity through IMPS, which is much faster than the traditional NEFT. So here this article gives information about the advantages and disadvantages of UPI […]

Advantages and disadvantages of IMPS

Advantages and disadvantages of IMPS

IMPS stands for Immediate payment service, which is provided by Indian banks to their customers to help them carry out the interbank transfer in real-time. Customers do not need to wait for the bank to open to transfer money and are free to transfer funds on weekends, holidays, or weekdays. The maximum amount that the customers can transfer using IMPS is Rs. 2 Lakh. So here the article gives the advantages and disadvantages of IMPS […]

Advantages and disadvantages of NEFT

Advantages and disadvantages of NEFT

NEFT stands for national electronics fund transfer. It is used to transfer money from one account to another account from net banking. It saves time without going the bank transaction is proceed. NEFT is simple and it is paperless and is no need for a chequebook or demand draft to transfer the money. So here this article gives information about the advantages and disadvantages of NEFT to better understand this topic. Pros or Advantages of […]

Advantages and disadvantages of RTGS

RTGS stands for real-time gross settlement, it is a facility provided by the banks. This enables funds to be transferred instantly and fully from one bank to another and from one location to another. Which is on an individual order basis. So here this article gives the advantages and disadvantages of RTGS to better understands this topic. Pros or Advantages of RTGS: RTGS is one of the safest as well as the fastest mode of […]

Advantages and disadvantages of BHIM APP

Advantages and disadvantages of BHIM app

BHIM app will enable fast, secure, and reliable cashless transactions through a mobile app. BHIM app is developed by NPCI. This app is launched to encourage cashless transactions across India. However, you can send and receive money by using the app instantly. So here this article gives the advantages and disadvantages of the BHIM app to better understand this topic. Pros or Advantages of BHIM App: This mobile app is easier than wallets. In addition, […]

Advantages and disadvantages of google pay

Google pay is a digital payment app all over India. It was the previous name for the app and it was recently renamed. However, In addition, to the change in name lot of additional features are added to this app to increase popularity. It also offers pre-approved loans on the go in go in association with ICIC bank and HDFC bank. Let us check the advantages and disadvantages of google pay/wallet to better understand this […]

Advantages and Disadvantages of E-Banking

Advantages and disadvantages of E-Banking

Over the years the banking has drastically changed and has affected the lives of millions of individuals around the globe. In addition, E-banking is internet banking is an electronic payment system customers of a given can perform all their banking transactions. So here this article gives the advantages and disadvantages of E-banking to better understand this topic. Pros or Advantages of Electronic banking: The cost of operation per unit of service is lower for banks. […]

Advantages and disadvantages of ATM

Advantages and disadvantages of ATM

ATM stands for automated teller machines, it is an electro-mechanical machine that consists of automated banking platforms that allow the client to perform a smooth transaction without the assistance of a branch representative or teller. A debit card or credit cardholder should be able to withdraw cash at most ATMs. ATM is beneficial in allowing clients to conduct fast self-service transactions such as cash withdrawals, deposits, bill payments, and account to account transfers. So here […]

Advantages and disadvantages of credit card

Advantages and disadvantages of credit card

Credit cards have a poor name, but when used safely, they can be a valuable financial method. This article explains the benefits and drawbacks of credit cards or advantages and disadvantages of the credit card to help you better understand the topic. Pros or Advantages of credit card: building credit history A quick source of funds in an absolute emergency No accrued interest if the bill is paid on time and in full each month […]

Advantages and disadvantages of debit card

Despite the fact that debit cards are commonly used, many people are unaware of their benefits and drawbacks. Debit cards resemble credit cards but operate similarly to cash or personal checks. So here this article gives the Advantages and disadvantages of debit card to better understand this topic. Pros or Advantages of debit card: A consumer who is not creditworthy and finds it difficult or impossible to obtain a credit card can more easily obtain […]

Advantages and disadvantages of payment gateway

Gateway is a kind of networking device that interconnects two devices in different networks so that they can communicate with each other. It acts as a gate for another network. So here this article gives the Advantages and disadvantages of payment gateway to better understand this topic. Pros or Advantages of payment gateway: Credit card validation and processing in real-time. Money is normally deposited into a bank account automatically. Reports are auto-generated for users. Doesn’t […]