What did you use as the payment source a bank or credit card

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Reference no: EM133651093

Problem

What are the benefits of using digital payment options?

Using a digital wallet or payment apps is undoubtedly convenient. Suppose you are out to dinner with friends and decide to split the check. To avoid your server having to process multiple credit card payments or to rely on carrying cash, one person can pay for the meal and the others send electronic payment for their portion. Unlike paying in cash, if something happens, such as the need to cancel the transaction or if you believe the payment has been compromised, the digital wallet provider may be able to assist you or the vendor you are trying to pay. Digital wallets also enable those who are unbanked or underbanked (have limited or no access to a bank) to process payments electronically. Some digital wallets or payment apps show transactions made not only by you, but by your friends (including to whom the payment was made, and in some cases a description of the purchase or transaction). Security experts recommend that you make your transactions private.

Task: (answer should be 400 words)

A. Have you ever used a digital wallet or a payment app?

B. What did you use as the payment source - a bank or credit card?

C. Did anything ever go wrong with one of your transactions?

D. How did/could you rectify the situation if that occurred?

E. Summarize "what are the benefits of using digital payment options" paragraph?

Reference no: EM133651093

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