All kinds of options look us in the face in the world of today. There is so much that we have the option of doing. There is a large variety of consumer electronics and a whole range of products from the various companies. If you feel like going out for breakfast, you can choose from among the top-end restaurants that give you a great ambience and finally, also a big bill. If you want to eat out and not spend too much, there are loads of fast food and multi-cuisine restaurants that would match up to your required standards. Then, if you are looking for outfits, you can decide whether you want to buy clothes from non-descript stores or go in for a branded outfit. There really are hundreds of possible choices. It all depends on what you are going to buy.
Of course, if you are buying something, you ponder over how you will be paying. There are many ways in which we can settle bills nowadays. Perhaps, we as consumers are glad that we have so many options. Go to a salesperson at any supermarket and be prepared for the question: "How do you wish to pay sir? By cash or by card?" Even a few decades ago the only acceptable mode of payment was that of cash. Every store owner preferred this mode of payment primarily because of its tangibility. When you were paying in cash, the seller received payment for his goods immediately. He did not have to worry about when he would receive the amount owed to him.
Before credit cards came into vogue, check payment was the preferred mode of payment when it came to larger sums of money. However, this kind of a payment mode had its own set of cons. The seller would have to wait till the check cleared. And back in the days before banks were fully computerized, this delays were inevitable in this mode of payment. Moreover, you could never be certain that the buyer had money in the bank. After all, not all buyers were honest blokes.
The emergence of credit card companies made business much easier for both buyer and seller. Here were pieces of plastic that were very valuable. All that the buyer had to do was get it swiped by the seller to pay for his purchases. As for the seller, he was assured that the credit card company would pay him the money that was owed to him. Paper money still continues to rule over credit cards. However, the way things are progressing, credit cards are becoming the need of the day.
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