Plastic money Essay

Primary objectives-To screw the perception of people towards flexible nones.Secondary objectives-To know the importance of ductile gold in the daily life of consumers W.R.T belief and debit tables. represent more pliable billsTo study the benefits of debit card and faith card.To find out the market leader among the various rims/companies issuing credit and debit cardsTo know the problems faced by respondents development moldable coin.To study the satisfaction level of consumers towards moldable money. choose of the study-It is justifiedly said the flexible money is need of hour. People atomic number 18 using these cards on a vast scale. But after considering the refresh of literature it is seen the whole payment process of processing these cards is non safe and customer are facing many problems relating to plastic money. Thats why study is focused on consumer perception regarding the plastic money. Need of the study is to get to know about the comparative analy sis of plastic money. There are many ethical issues and challenges in the market of plastic money which is required to be studied. This study is concerned with the Seven perks of plastic money Convenience, Budgeting technology, Reputation boosting, Corporate might, Cops and robbers, the float, openness to negotiations.Term plastic money Definition A slang phrase for credit cards, especially when such cards used to make purchases. The plastic portion of this term refers to the plastic construction of credit cards, as opposed to paper and metal of currency. The money portion is an erroneous reference to credit cards as a form of money, which they are not. Although credit cards do facilitate transactions, because they are a liability rather than an asset, they are not money and not part of the economys money supply. Plastic money is a term that is used predominantly in reference to the hard plastic cards we use everyday in place of actual bank notes. They can come in many different fo rms such as cash cards, credit cards, debit cards, pre-paid cash cards and store cards. currency cards A card that exit allow you to get hold of money directly from your bank via an Authorised Teller Machine (ATM) but it pass on not allow the holder to purchase anything directly with it. Credit razzs Again this card will permit the card holder to withdraw cash from an ATM, and a credit card will allow the substance abuser to purchase goods and services directly, but unlike a Cash Card the money is basically a high interest loan to the card holder, although the card holder can avoid any interest charges by paying the balance off in full each month. account card This type of card will directly debit money from your bank account, and can directly be used to purchase goods and services. plot there is no official credit facility with debit cards per se, as it is linked to the bank account the limit is the limit of what is in the account, for instance if an overdraft facility i s available then the limit will be the extent of the overdraft. Pre-paid Cash Cards As the name suggests the user will add credit to the card themselves, and will not exceed that amount.These are usually re-useable in that they can be topped up only some cards, usually marketed as Gift Cards are not re-useable and once the credit has been spent they are disposed of. Store Cards These are similar in concept to the Credit Card model, in that the idea is to purchase something in store and be billed for it at the end of the month. These cards can be charged at a very high interest rate and can are special(a) in the places they can be used, sometimes as far as only the store brand that issued it.