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Advantages and Disadvantages of Digital Payment for Apartment Management Systems

 Advantages and disadvantages of computerized installments for a lodging society 

Advantages:

  • No threat of deficiency of cash 
  • No possibility of burglary/robbery 
  • Comfort and speed of execution for occupants 
  • No continuous excursions to the ATM 
  • Less chance of monetary extortion and theft 
  • No way of contracting Covid-19, other infectious microscopic organisms and infections 
  • No exercise in futility composing checks or visiting banks 
  • Simple and dependable following of approaching and active installments 
  • Advanced path for review, recognizability, and surveys 
  • The simplicity of executing little, medium, or complex exchanges 
  • MC can zero in on high-esteem undertakings rather than pointless paper-based bookkeeping 

Disadvantages:

  • The lower predominance of credit only biological system in specific areas 
  • Absence of information and specialized training 
  • Inclined to hacking and online misrepresentation 
  • Relies upon WiFi organizations and cell phones, consequently inaccessible if there should arise an occurrence of no web and battery 
  • Obstruction from inside the conventional mentalities and absence of confidence in innovation

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