Question

For the person receiving the money,what is the advantages of online transactions compared to a cheque

Answer 1

cheque has a limited day within that day u have to take the money but online transactions doent need it cheque can get lost or some forgery can occur but in online transactions these occur comparatively less

Answer 2

>Online transaction can be done anywhere and everywhere(just an electronic gadget is required)

>Online banking allows you to transfer money between accounts much more quickly.

>Can save you a trip to the bank.

>A lame reason but yes cheque can be misplaced but you won't face such problem in online transaction..

hope this helps...

~Saumya Kawalia