Posted by There was a time not so long ago when people used to hesitate to pay their bills online. People had doubts about the security of Internet transactions and thought online payments as a loss of control over their money. But no longer. People today are paying every bill online starting from grocery, milk, newspaper, tuition, utilities, loans, rent, to credit card repayment.
So, why should you pay your bills online? For starters, you’ll save time — can skip visiting the ATM to withdraw cash or visiting the bank. Online bill payment is safer as such transactions over the internet are encrypted and you can also avoid physical contact while making payment. It becomes easy to track and you can even reconcile the transactions at the month-end while calculating your monthly expenditures. Here are a few reasons to take the leap and do all your bill-paying online.
1: Fast, Easy and Safe
Paying your monthly dues online is the fastest, safest and easiest thing to do. You either can pay month by month using your net banking, credit/debit cards or UPI or if you are using any recurring service like milk or newspaper, you can give your bank a standing instruction, they will automatically pay that fixed amount every month without any failure. To make online transactions more secure, RBI has taken various steps. We have talked about it in a different blog. You can click here to read it.
It eliminates the procrastination factor. There are no bills to leave on the counter until you suddenly remember that it’s two days past their due date. You can set up a standing payment option with your bank and you will never have to pay a late fee again.Â
2: Card Payments Allowed
Paying your monthly dues with a credit card or debit card has several advantages. If you happen to be short on funds, you can use your credit card to bypass the worry about the cash crunch.
Do you intend to talk about both online or offline credit card payments? Offline credit card payments are the ones made at the physical counters at the shop, while online payments are done through websites and using apps.
3: Easy Consolidation
Online bill payment lets you reconcile your transactions. If you’re not an organized person– or not very much technologically sound then paying bills online might sound a little difficult. You might feel like it’s easier to settle the dues offline by paying cash or cheque. But in reality, nothing could be simpler than online bill payment. Sure, it will take some time to understand the process, but once you understand, nothing is easier than paying bills using the digital channel.Â
4: Easy Organization
When you’re organizationally challenged and pay bills the old-fashioned way, it can be easy to lose focus on your expenditures. Once the newspaper wala has been paid for the month, the bill usually gets torn, scraped or misplaced in a pile of paper. If the amount quickly changes or there are any unexpected charges to your account, you might not recognise it for months. But if you pay online, you can see all your records and instantly know if something is wrong. And if you use a third-party digital Bahi khata App like Zopnote, you can find everything in there at one place for instant viewing. It’s like hiring a professional organizer for free!
Zopnote – Billing, Collection & Digital Khata App empowers your local store owners, newspaperwala or dudhwala to maintain their hisab digitally so that you can pay and track your monthly expenditure in a jiffy. Using Zopnote you can pay your dues via various online payment options like debit or credit card, Net Banking and UPI. Not only Zopnote will help your local vendors to maintain their hisabkitab digitally in an error-free way but also it will enable you to keep track of your financial transactions. To know more about Zopnote, visit ZOPNOTE or you can download our app from the google play store. Download the Zopnote app to be more financially organized and ask your local store owner to signup with Zopnote to get an online business manager for his local offline store.Â