If you have cash in your pocket then now you should start thinking about it because it’s time to make the availability of Digital Payment Method (DPM) at everywhere. Now you are living in a digital world so your way of thinking should be numeric.
DPM is a way of payment process in which we can make a payment to the seller or customer without giving direct cash.
At the age of 10, I always thought that in the future there would never be a way to make payment without cash at anywhere. That was my childhood way of thinking, but now I get that it is not inconceivable to make the availability of DPM at everywhere.
That was another day when we didn’t have an electronic gadget like mobile, tablet, laptop, etc. so that we can trap this type of method quickly but now we have these devices, and also there is many website and apps to make digital payment for services.
How CPM is not Good & Secure
Every day when we go to the market to buy products, we always use Cash Payment Method (CPM). But the problem is that we go to the market with a limited cash means we are going to buy products in a limited manner so what we will do when suddenly we miss an essential thing to buy from the market at that moment when we have spent our fixed cash. Another CPM problem generated when a shopkeeper doesn’t have a change of your significant amount of money.
Are you sleeping with cash on a train or bus? If you are, then stop sleeping now because at any time your money can be disappeared from your pocket or bag. There are many people those facing this type of problem daily.
CPM is not excellent and secure because:
- You can’t buy a product when your limited pocket money get end
- You will get problem when you need change of your significant amount of cash
- You can’t take more money with you as your pocket or bag size is limited
- You have to stop sleeping if you are traveling a long journey with a significant amount of cash
- It takes more time when you start counting your money provided by customer or seller
- You can get lost when you get mistake in calculating your cash
- You have to stand in ATM or Bank line if you want more money in your pocket
Why use DPM
There are many facts to use DPM rather than CPM. If you have already buy a product from online shopping markets like Amazon, Flipkart, Snapdeal, etc. then you can understand that how DPM is more excellent & secure as compare to CPM. With DPM you can make payment quickly in just a minute and also it is safe because you don’t have to take your cash in your pocket and go to the market to buy a product.
At the beginning when Banks were started to provide security for your money, DPM was not accessible because at the beginning time Net Banking (NB) or ATM type of systems were not available. But now we have NB and ATM system with the help of that we can make payment from anywhere.
Many time I have seen lots of people in standing position to the front of ATM and Bank counter. So, my question is that why are these people standing there and the simple answer is because of lack of DPM. When every shop has DPM in future, then that will be the day when you will not need to stand in the line of ATM or Bank.
In case of CPM when you want to buy a product or service then most of the cases you have to go to the shop with cash but what you will do when you want to buy a service from another country. In this case, you can’t use CPM means you have to use DPM to make payment to get a service. So, if you live in India and you want to make payment to the USA then with DPM you can do this within a minute.
Let’s Start DPM at Your Shop
People are using CPM because there exist many shops which don’t provide DPM. Using DPM will not only make you professional but also gives you many advantages.
- You don’t have to take cash and start counting it to match your product price
- You will get avoid of your wasting of time in the counting of your money or to investigate if there is Fake Note
- There will be no mistake to receive and make payment for a product or service
- Customer can make payment from anywhere to buy a product
- You don’t have to take your cash in your pocket or bag like a burden
- You don’t have to think about change at the time of buying or sell a product
- There will not be any chance to get Fake Note because you aren’t using CPM
To set DPM at your shop is a straightforward method. Now, there are many apps and website which efficiently provides this way. If you have a small shop then to make or get the payment you can use PayTM or PhonePe. PhonePe is available as a mobile app while PayTM is available on the internet as a website and also on mobile as an app. For business payment, you can use PayPal which provides buyer or seller to make payment internationally through their ATM or NB system. One more point that I should mention here is that these are not only the system which provides DPM but also there are many apps and websites which provides DPM so if you want to know more apps and sites like these, then you can search it on the internet.
In PayTM and PhonePe system you can generate a QR code to take payment for your goods or services. So, all you have to do only go to PayTM or PhonePe system and resister with providing essential details about you and after that you can generate and take a print of your QR code. Now, after receiving the copy of your QR code, you can just stick it to your shop wall or anywhere as a customer get comfortable to make payment. Remember, there is not only one method as I have mentioned here QR code to get paid, but also you can use your mobile number or email address to make payment.
So, what type of problem you face at the time of using CPM and what is your opinions regarding DPM, let me know in below comment box.