Although cash seems to be used less and less, it is still an essential form of currency exchange. Cash has been used for centuries and it is only until recent decades that newer forms of payment have been established. Credit and debit card provide a convenient way to pay for goods although it entails a certain level of security risk. Yes, cards are open to fraud, but the risks are limited as credit card companies and bank take more responsibility for illegal activity. Cash, however, has its own problems. It allows the opportunity for criminals to launder money. Increased use of card payments could limit this criminal activity. Cash is also difficult to carry with you and requires weekly visits to the bank teller to replenish. Credit cards on the other hand eliminate this inconvenience.

Each form of payment has its issues and benefits, but the majority of people agree that when it comes to making small payments, cash is king. Credit cards, while convenient, can not be justified in both cost and time for these smaller payments. Cash as we know it will remain until a more viable, secure solution comes along to take its place.