We are privileged to be able to avail of all kinds of options in today's world. There is so much that we can choose from. There is a large variety of consumer electronics and a whole range of products from the various companies. If you would like to go out for a meal, you can choose from among the top-end restaurants that give you a great ambience and then end up with a huge check. If you want to eat out and not spend too much, there are loads of fast food and multi-cuisine restaurants that might suit your own particular tastes. Then, with regards to clothes stores, you can decide whether you want to buy clothes from non-descript stores or go in for a branded outfit. Options seem to be taking over the world. It all depends on what you are going to buy.
Of course, if you are buying something, you must consider how you will be paying. There are many ways in which we can settle bills nowadays. Perhaps, we as consumers have been indulged by these choices. 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?" There used to be a time when 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 was happy because he was paid straightaway. He did not have to worry about how long he might have to wait.
Before credit cards began topping the popularity charts, check payment was the preferred mode of payment when it came to larger sums of money. However, this did have some negatives involved. The seller would have to wait till the check cleared. And back in the days before banks were fully computerized, this this not happen at the speed of light. Moreover, you could never be sure that the check would not bounce. After all, not all buyers were honest blokes.
The emergence of credit card companies has done much to simplify life for both buyer and seller. Here were pieces of plastic that carried a great deal of value. 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. I will agree that there is a demand for paper money over credit cards. However, the latter is rapidly taking over as the preferred mode of payment today.
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