Cashless spending has long been a convenient way to make purchases, and that convenience became even more evident in 2020. The outbreak of the novel coronavirus COVID-19 in the winter of 2019-20 …
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Cashless spending has long been a convenient way to make purchases, and that convenience became even more evident in 2020. The outbreak of the novel coronavirus COVID-19 in the winter of 2019-20 forced people across the globe to change how they live, and those changes even affected how items are paid for.
According to the Centers of Disease Control and Prevention, touching or handling certain items, including cash, could expose people to the COVID-19 virus. That led many people to rely more heavily on cashless payments, including traditional options like credit or debit cards, but also relatively new cashless options, including apps such as Venmo. While these options can be very convenient, cashless payments can make it more difficult for people unaccustomed to making purchases without cash to monitor their spending.
The following are some tips to make it easier for consumers to monitor their spending when they’re not using cash.
Cashless payments have made it easier to purchase goods during the COVID-19 outbreak. But it’s imperative that consumers take steps to
control their spending when going cashless. TF209319
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