In a cashless society, people use more credit cards. What are the advantages and disadvantages of this phenomenon?

Essay topics:

In a cashless society, people use more credit cards. What are the advantages and disadvantages of this phenomenon?

One of the most conspicuous trends of today’s word is a colossal upsurge in people solely depending on bankcards, be it debit or credit cards. As such there are both merits and demerits of this trend, although I am of the opinion that the former will outdo the latter.

There are a myriad of arguments in favour of cashless society. The most preponderant one is that people can enjoy the convenience of carrying a bankcard and pay upfront easily. Not only can an individual feel safe by carrying cashless cards, but business can also save time by not handling cash and stay safe by not keeping cash on the premises. Although businesses have to pay minimum amount of service fee to the bank, in long run they will be in profit, as they do not have to pay extra wages for handling the cash. Needless to say, all these merits stand on business as far as convenience is concerned.

There are, however, some pitfalls that can easily overwhelm the potential benefits of cashless society. The primary one stems from the fact that thanks to payments made from bankcards, business are losing money because of fraud customers and insufficient funds in their bank account. Besides, there is risk of database being hacked by number computer hackers. Hence, it is apparent why many people are against cashless society.

In view of the arguments outlined above, one can conclude that despite few drawbacks of bankcards, its advantages are indeed too great to ignore.

Votes
Average: 8.2 (1 vote)
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Comments

Grammar and spelling errors:
Line 3, column 13, Rule ID: THERE_RE_MANY[3]
Message: Possible agreement error. Did you mean 'myriads'?
Suggestion: myriads
...r will outdo the latter. There are a myriad of arguments in favour of cashless soci...
^^^^^^

Transition Words or Phrases used:
also, besides, but, hence, however, so

Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments

Performance on Part of Speech:
To be verbs : 14.0 10.5418719212 133% => OK
Auxiliary verbs: 7.0 6.10837438424 115% => OK
Conjunction : 6.0 8.36945812808 72% => OK
Relative clauses : 5.0 5.94088669951 84% => OK
Pronoun: 14.0 20.9802955665 67% => OK
Preposition: 37.0 31.9359605911 116% => OK
Nominalization: 2.0 5.75862068966 35% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.

Performance on vocabulary words:
No of characters: 1219.0 1207.87684729 101% => OK
No of words: 250.0 242.827586207 103% => OK
Chars per words: 4.876 5.00649968141 97% => OK
Fourth root words length: 3.97635364384 3.92707691288 101% => OK
Word Length SD: 2.57130317155 2.71678728327 95% => OK
Unique words: 150.0 139.433497537 108% => OK
Unique words percentage: 0.6 0.580463131201 103% => OK
syllable_count: 378.0 379.143842365 100% => OK
avg_syllables_per_word: 1.5 1.57093596059 95% => OK

A sentence (or a clause, phrase) starts by:
Pronoun: 2.0 4.6157635468 43% => OK
Article: 2.0 1.56157635468 128% => OK
Subordination: 4.0 1.71428571429 233% => Less adverbial clause wanted.
Conjunction: 1.0 0.931034482759 107% => OK
Preposition: 2.0 3.65517241379 55% => More preposition wanted as sentence beginning.

Performance on sentences:
How many sentences: 12.0 12.6551724138 95% => OK
Sentence length: 20.0 20.5024630542 98% => OK
Sentence length SD: 40.3032773688 50.4703680194 80% => OK
Chars per sentence: 101.583333333 104.977214359 97% => OK
Words per sentence: 20.8333333333 20.9669160288 99% => OK
Discourse Markers: 3.16666666667 7.25397266985 44% => More transition words/phrases wanted.
Paragraphs: 4.0 4.12807881773 97% => OK
Language errors: 1.0 5.33497536946 19% => OK
Sentences with positive sentiment : 9.0 6.9802955665 129% => OK
Sentences with negative sentiment : 2.0 2.75862068966 72% => OK
Sentences with neutral sentiment: 1.0 2.91625615764 34% => More facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?

Coherence and Cohesion:
Essay topic to essay body coherence: 0.158470651224 0.242375264174 65% => OK
Sentence topic coherence: 0.0611473436671 0.0925447433944 66% => OK
Sentence topic coherence SD: 0.0605819062403 0.071462118173 85% => OK
Paragraph topic coherence: 0.0854421293621 0.151781067708 56% => OK
Paragraph topic coherence SD: 0.0318625531701 0.0609392437508 52% => OK

Essay readability:
automated_readability_index: 12.0 12.6369458128 95% => Automated_readability_index is low.
flesch_reading_ease: 59.64 53.1260098522 112% => OK
smog_index: 3.1 6.54236453202 47% => Smog_index is low.
flesch_kincaid_grade: 9.9 10.9458128079 90% => OK
coleman_liau_index: 11.02 11.5310837438 96% => OK
dale_chall_readability_score: 8.61 8.32886699507 103% => OK
difficult_words: 63.0 55.0591133005 114% => OK
linsear_write_formula: 10.5 9.94827586207 106% => OK
gunning_fog: 10.0 10.3980295567 96% => OK
text_standard: 10.0 10.5123152709 95% => OK
What are above readability scores?

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Rates: 82.7777777778 out of 100
Scores by essay e-grader: 74.5 Out of 90
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.