Nowadays plastic money replacements such as credit and debit cards are extremely popular, even more than banknotes and coins. Discuss the advantages and disadvantages of this. Include your personal opinion and examples based on your own experience.
The electronic transaction is gradually replacing the traditional banking system and the use of bank currency is being substituted by credit and debit cards. The transformation towards a cashless society might be slow, but steady and widespread. This paradigm shift has both positive and negative consequences. In this essay, I will discuss both advantages and downsides of this trend.
Primarily, electronic transactions and plastic card payments are more convenient and they are processed on the go. People do not have to carry a bulk amount of cash or write a check that takes a couple of days to clear the payment. The electronic payments are global and hassle-free. Consequently, the eCommerce industry has flourished and many individuals have their own online business without any brick and mortar shop. For instance, nowadays it has become pretty easy to shop with a VISA or a Master card, virtually anywhere in the world, without carrying the wallet all the time. Meanwhile, with PayPal and other online payment processors, someone can sell his products online. Personally, I hate standing in a long queue to pay my utility bills, and my cards let me do it from home - a time saver indeed.
On the contrary, the trend does not come without negative aspects. Although we are able to use these cards due to technological advancement, the risks of using the plastic money, however, pertain to this technology. The primary threat to such payment mode is cybersecurity and hacking. For example, once a credit card is cloned or its sensitive data is hacked, the owner would suffer a great financial loss. A technology giant like Facebook failed to protect its user data and the misuse of this data is a global concern. Same goes for the plastic cards and online payment systems which have the same vulnerability. Moreover, many credit card holders spend extravagantly and in the long run suffer from debts.
To conclude, albeit cards payment system has some adverse effects, the trend to use of plastic money for payments is the need of the hour. It provides a plethora of advantages and the convenience of this method of payment is unparalleled.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2019-10-23 | prabhpreet kaur | 56 | view |
| 2018-05-22 | Fahad Arif | 84 | view |
| 2017-10-27 | EugeneDubinchuk | 75 | view |
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Grammar and spelling errors:
Line 3, column 812, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
... do it from home - a time saver indeed. On the contrary, the trend does not come...
^^^^^
Transition Words or Phrases used:
but, consequently, however, if, moreover, so, while, for example, for instance, on the contrary
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 14.0 13.1623246493 106% => OK
Auxiliary verbs: 5.0 7.85571142285 64% => OK
Conjunction : 21.0 10.4138276553 202% => Less conjunction wanted
Relative clauses : 2.0 7.30460921844 27% => More relative clauses wanted.
Pronoun: 22.0 24.0651302605 91% => OK
Preposition: 37.0 41.998997996 88% => OK
Nominalization: 11.0 8.3376753507 132% => OK
Performance on vocabulary words:
No of characters: 1800.0 1615.20841683 111% => OK
No of words: 357.0 315.596192385 113% => OK
Chars per words: 5.04201680672 5.12529762239 98% => OK
Fourth root words length: 4.34677393335 4.20363070211 103% => OK
Word Length SD: 2.84221411588 2.80592935109 101% => OK
Unique words: 212.0 176.041082164 120% => OK
Unique words percentage: 0.593837535014 0.561755894193 106% => OK
syllable_count: 564.3 506.74238477 111% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 4.0 5.43587174349 74% => OK
Article: 10.0 2.52805611222 396% => Less articles wanted as sentence beginning.
Subordination: 1.0 2.10420841683 48% => OK
Conjunction: 2.0 0.809619238477 247% => Less conjunction wanted as sentence beginning.
Preposition: 5.0 4.76152304609 105% => OK
Performance on sentences:
How many sentences: 20.0 16.0721442886 124% => OK
Sentence length: 17.0 20.2975951904 84% => The Avg. Sentence Length is relatively short.
Sentence length SD: 31.564378657 49.4020404114 64% => OK
Chars per sentence: 90.0 106.682146367 84% => OK
Words per sentence: 17.85 20.7667163134 86% => OK
Discourse Markers: 4.75 7.06120827912 67% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 1.0 5.01903807615 20% => OK
Sentences with positive sentiment : 6.0 8.67935871743 69% => OK
Sentences with negative sentiment : 9.0 3.9879759519 226% => Less negative sentences wanted.
Sentences with neutral sentiment: 5.0 3.4128256513 147% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.15505853832 0.244688304435 63% => OK
Sentence topic coherence: 0.0437165347041 0.084324248473 52% => OK
Sentence topic coherence SD: 0.0363022778045 0.0667982634062 54% => OK
Paragraph topic coherence: 0.0949546341428 0.151304729494 63% => OK
Paragraph topic coherence SD: 0.0223954153312 0.056905535591 39% => Paragraphs are similar to each other. Some content may get duplicated or it is not exactly right on the topic.
Essay readability:
automated_readability_index: 11.2 13.0946893788 86% => Automated_readability_index is low.
flesch_reading_ease: 54.22 50.2224549098 108% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 9.9 11.3001002004 88% => OK
coleman_liau_index: 11.66 12.4159519038 94% => OK
dale_chall_readability_score: 8.86 8.58950901804 103% => OK
difficult_words: 99.0 78.4519038076 126% => OK
linsear_write_formula: 8.5 9.78957915832 87% => OK
gunning_fog: 8.8 10.1190380762 87% => OK
text_standard: 9.0 10.7795591182 83% => OK
What are above readability scores?
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Rates: 84.2696629213 out of 100
Scores by essay e-grader: 7.5 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.