What Is the Best Method of Payment? Cash Vs Plastic

It’s your money, but there seems to be a dozen ways to pay for it. Does your head spin when the cashier asks “Will that be cash, credit or debit?” Don’t know what the smartest choice is? Here, we break down each method of payment, and explain it’s pros and cons, as well as example scenarios. We help you find the wisest method of payment for your situation.latest nigerian musicĀ 


Universally accepted, easy to keep track of spending patterns, always aware of your “balance” without having to dial a 1-800 number or log onto the bank’s website.

You avoid bank maintenance, overdraft and other fees.

In the event of your purse of wallet containing cash being lost or stolen, although it would indeed be a set back, only the amount of cash contained in your purse/wallet would be lost. In other words, you aren’t at risk for your entire account being wiped out. You’re also at a less risk of becoming a victim of stolen identity, as the prospective thief has no idea how much money you make, your level of debt, or what is in your accounts. There’s no personal information that he might otherwise find on a checkbook or credit and debit cards. Most thieves would not take the risk if they don’t know if the targeted person has money, assets or just loads of debt.

As for transferring money goes, using cash, wiring money and using money orders to pay bills can be easier and faster. It also provides more protection for your personal information than writing a check or transferring funds from account to account.

You also avoid the risk of “bouncing checks” and the fees that follow.


Although every single bill has a unique serial number, it is virtually impossible to trace. (Who writes down every single serial number, of every single bill from one to one-hundred that they encounter?) Because of this, people who might not steal credit/debit cards or checkbooks would steal cash.

Cash also takes up more “room”, making it easier to notice. For example, a wallet that contains $100, all in $1 bills would be considered “fat”, an d would certainly look like it contained well over $100.

Unless you request, and save a receipt for every single purchase, there would be no way to prove that you did or did not purchase,buy, or make a payment on something, whereas using plastic automatically has a record of every purchase made. Be smart, save and file cash receipts on large purchases, and monthly payments.

It is very hard, if not impossible to track money orders (as com pared to a check). Because of this, money orders were a favorite payment of scam artists that do their dirty work over the internet, such as the Nigerian (419) E-mail scams.