Nowadays Plastic Money Replacements Such as Credit and Debit Cards are Extremely Popular IELTS Writing Task 2

IELTS writing focuses effectively in assessing students’ abilities in writing skills in English language. The IELTS exam is considered a crucial exam for students who are willing to study in universities in foreign countries. To excel in the IELTS Writing section, students need to enhance their writing skills in grammar, usage and vocabulary. IELTS Writing task 2 is for assessing students' ability in writing an essay on a topic. IELTS Writing practice papers can be helpful for students’ preparation for the essay in task 2. Nowadays Plastic Money Replacements Such as Credit and Debit Cards are Extremely Popular IELTS Writing Task 2 is an essay topic which can be considered helpful for their preparation

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Topic: Nowadays Plastic Money Replacements Such as Credit and Debit Cards are Extremely Popular IELTS Writing Task 2

Model Answer 1

Transaction of money based on mobile based applications has become extremely popular in the current world and has replaced cash and coins. The popularity of electronic transactions has become even more popular than replacement of banknotes and coins. While the pros and cons remain in this aspect as well. The replacement of plastic money with that of electronic transactions has higher advantages than disadvantages. One of the biggest advantages that can be identified from online transactions made through one application is the speed of transaction. Money is instantly transferred from one account to another through an id or even phone number within seconds. This certainly saves a huge amount of time for the people and even helps in preventing wrong counting of paper money. The benefit of payments and transactions made electronically within a single application also saves the environment by saving paper and its consumption. Effectively, it has been possible for people to shop and travel with cashless benefits as most brands. Vendors and even street stalls consider online payments as mode of transaction. With the replacement of plastic money in the form of debit and credit cards. It has been possible for the people to make transactions without even having to keep physical contact with others. Transferring of money has become highly convenient for the people thereby being able to gain better benefits from the same. However, the cons that include this kind of online transactions is in terms of online fraud. Where hackers might be able to lure people into making false transactions in the name of winning money or cash prizes and hack people’s accounts. Moreover, technical issues of glitches from different websites through which people might be engaged in transactions. Also might include fraudulent web portals which may direct people to make transactions resulting in hacking of their accounts. Another disadvantage of this type of payment system is the fact that people having lack of knowledge or technical constraints might face difficulty. Especially, in adjusting to this form of payment making it difficult for others to endure online payments hence, availing cash based payments.

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Model Answer 2

Globalization and technological developments has led to the replacement of plastic money. Like credit cards and debit cards thereby being able to enhance greater convenience in conducting transactions and payments. The benefits incurred by the online transaction mode enabled through applications that can be accessed anywhere in the world. It is possible to supplant the method of plastic money in the form of credit or debit cards. However, there are several advantages of plastic money transactions through app based services. It may be identified that there might also be certain disadvantages. One of the biggest benefits of plastic money in the form of credit and debit cards can be considered convenient. As people do not have to carry cash in their wallets all the time while traveling to different places or visiting restaurants. People might be able to ensure that greater effectiveness is achieved considering that they can even order food making online transactions at their home. Online shopping as well as roaming around the world with cashless payments. It is possible to ensure that instant payments are being made by people through an online payment method which is connected to their debit or credit cards. Hence, being able to make hassle-free payments. However, one of the most important disadvantages is that online transactions have enabled people within the aspect of ensuring. That people might be able to make rash decisions. With the online payment mode even if people are not carrying their debit or credit card. They are able to make payments using QR-codes hence, being able to undertake hassle-free and cashless transactions. However, this results in reckless shopping and payments made by people. Furthermore, the issue of hacking and fraudulent transactions can be considered a huge disadvantage. That is possible through fraudulent website portals instead of directly from the online applications for transactions.

Model Answer 3

With technological advancements it may be identified that online payments and transactions have been carried out. In highly effective ways of being able to enhance the convenience level. It may be identified that coins and notes have become majorly obsolete when people have been able to enhance greater efficiency. In my opinion several pros and cons can be identified in the aspect of plastic money that is being popularized. However, I consider that disadvantages can be identified even in this mode of transaction. On one hand, it may be identified that one of the biggest advantages is that it is a highly comfortable way of transaction. Effectively, with online transactions being enabled through different applications and mobile banking processes which can be considered highly efficient. In precise terms, popularization of debit or credit cards can be considered a greater requirement in the current times. From taxi fare to ticket booking, all can be made through online transactions as well as payment to different vendors by business companies. Effectively, with businesses and brands transforming to online platforms in terms of ecommerce business, online payment methods have become highly popular. And a convenient mode of payment option enabled for people. This enables people to make necessary and important payments on time, and endure hassle-free payment options. As well as be able to endure a cashless process of transactions and payments. However, one of the drawbacks of online payment methods can be considered is the condition that there are certain limitations. On the amount that can be transferred into another account within a day or 24hrs. It may be identified that many local sellers and vendors tend not to make transactions through online mode when people need to make cash based payments. Even in certain areas people lack the knowledge of using online technologies and payment methods making it difficult for these technologies to prosper. However, the convenience of cashless payments through online applications have been enabled. It ensures that it is highly convenient for people and outweighs the disadvantages