# Benefits of Using Cash:-
1] Immediate Payment:- No need for approval or Processing time.
2] No need for Bank Account or Credit History:- Anyone can use Cash.
3] Anonymity:- Cash Transactions do not leave a record that can be linked to Personal Information.
# Risks of Using Cash:-
1] Physical Loss or Theft:- Once cash is lost or stolen, It cannot be recovered.
2] No Protection for Fraud or Errors:- There is no protection if a mistake is made or If cash is received in a Fraudulent transaction.
3] Limited Spending:- Cash has a Spending Limit, as it is not possible to carry Large Amounts of Cash.
# Benefits of Using Other Payment Methods:-
1] Convenience:- Other Payment Methods, such as Debit or Credit Cards, allow for quick and Easy transactions without carrying physical cash.
2] Increased Security:- Other Payment Methods offer Fraud Protection and Dispute resolution options.
3] Records:- Other Payment Methods provide a record of transactions, which can be useful for Budgeting and Financial Tracking.
# Risks of Using Other Payment Methods:-
1] Dependence On Technology:- Other Payment Methods rely on Technology and may not be available in case of power outages or technical failures.
2] Personal Information Exposure:- Other Payment Methods often require Personal Information to be linked to the account, Which can increase the risk of identity theft.
3] Fees:- Some Other Payment Methods may have fees, such as monthly service charges or transaction fees.