At present, both credit and debit cards have become highly indispensable for our everyday purposes, whether they concern buying gifts or simply going to the store. Technology has clearly facilitated the implementation of electronic payment. Every store is equipped nowadays with a credit card payment processor. They are so completely versatile that many people have got used to them in the detriment of cash, quite replacing the use of cash altogether, and banks have developed their product range to the extent that you now have the possibility of getting them in any colour or design. Nonetheless, an issue that has been frequently raised regarding the generalized use is whether you are safe. It is widely known that if the company that has provided you with it does not deliver the services it has promised you, you are entitled to a full refund.

To begin with, credit cards secure any shopping experience. Say you should buy a coffee machine that turns out to be broken or book a holiday trip and end up in a two stars hotel instead of a three stars hotel you actually paid for, the companies in question that have wronged you can be held responsible for misrepresentation. However, there is a catch. In order to enjoy protection from your service provider, you need to spend more than £100. So as to make sure that you are therefore qualified for legal protection, it is enough just to pay the deposit. Legal protection also applies if you are the spouse of the main account holder. Wives often use their husband’s cards for holiday trips and shopping sprees. In addition to this, each and every one should at least check with the company and see if they ensure this basic feature. It is advisable for those who have experienced problems when purchasing via electronic payment to contact the company that has provided faulty services.

Next, credit or debit cards offer significant signup bonuses. Moreover, if it is used appropriately, you will receive small rewards in time. Security also applies to fraud protection, should anyone try to steal money from your account. The main disadvantage is that you can be tempted to spend more money than you actually have. Keeping cash in your pocket or frequent trips to the ATM machine will make you think twice before spending. On the other hand, it is a reality that many merchants reject the use of credit cards. This is true only for small businesses. One reason is that it may imply some costs that many are not willing to accept in the beginning, although, adding sales equipment for any business has never been easier. The market is full of credit card merchant service suppliers that facilitate transactions. After having made the initial investment, the business will start to thrive. To conclude, no one should fear to use electronic payment because the benefits clearly overweigh the disadvantages. The only thing you should watch out for is not overspend.

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