"Cash plus card" refers to a financial payment method that combines the use of both cash and a card. It allows individuals or consumers to make purchases or transactions using a combination of physical currency (cash) and a payment card, typically a debit or credit card.
In this payment system, the individual has the flexibility to pay for their purchases partly with cash and partly with a card, depending on their preference or the merchant's acceptance. For example, if the total amount of a transaction is $100, the individual can pay $50 in cash and the remaining $50 using their card or vice versa.
The cash plus card payment scheme provides convenience and flexibility to users, allowing them to use different forms of payment based on the situation or preference. It also enables individuals to make purchases when they do not have sufficient funds available in their bank account, as they can rely on both cash and their card's credit limit.
Furthermore, this payment method offers security benefits, as it reduces the need to carry excessive cash on hand, providing protection against potential theft or loss. Additionally, users can benefit from the perks and rewards associated with the card by earning points, cashback, or discounts on their purchases made through the cash plus card scheme.
Overall, "cash plus card" is a payment method that combines the use of cash and a card, providing users with flexibility, convenience, security, and potential rewards when making purchases or transactions.
