Pay attention: Your guide to online payment platforms
Online payment has certainly made our lives easier. It's become more convenient for us to shop online, pay for bills and send money to family and friends.
So it’s probably no surprise that the FIS Global Payments Report predicts the use of cash will drop from 7 percent to 2 percent of all point-of-sale transactions by 2025.
FIS, a payments technology company, says the pandemic has only accelerated our move to digital wallets and other e-commerce, or online payment platforms.
Unlucky break: Will travel insurance protect you when you need it?
Australians are big travellers — at least we were before Covid hit. Now that we’re getting back out on the road and into the air again, should we protect our hard-earned money with travel insurance?
Some people might say that travel insurance is a waste of money. After all, what are the chances that something will actually happen to you while you’re on holiday? But the truth is, anything can happen when you’re away from home. And if something does go wrong, travel insurance can be a life saver. But is it really worth the extra expense? And how has Covid changed things?
Dead loss: Is funeral insurance worth the money?
Dying isn’t something any of us like to think about it, let alone discuss. But there’s little doubt shelling out $15,000 for a funeral while grieving the loss of a loved one just compounds the pain.
The fact is funerals can really be that expensive. According to Canstar, it can cost anything from $4,000 to $15,000, depending on the ceremony.
Pay dirt: The battle for your digital dollars
The digital world has transformed the way we live, work and play. Transactions that used to take place in cash or with paper cheques are now completed online, using digital payment platforms.
In Australia, there are a number of different digital payment platforms available, each vying for a share of the market. In 2021, the industry processed about 55 million payments. That is worth about $650 billion each day, according to The Australian Financial Review. But behind this progress are growing concerns not only from banking institutions but governments.
The right direction: How to get the best car loan
We love our cars. In fact, the number of registered vehicles in 2021 was almost as many as the country’s total population. But it's no secret that buying a car is a costly exercise.
In fact, the cost of a new car has risen by an average of 7.4 percent in the past year, according to the latest figures.
Add car insurance, registration and general running costs, and it's easy to see why many people opt for a loan when buying a new set of wheels. But with so many lenders in the market, how do you find the best car loan for your needs?
Digital platforms: The complaints nightmare
In January this year, thousands of Crypto.com users were locked out of their accounts when the digital platform was forced to change security settings after it was hacked. To add insult to injury, support channels were not working and all users were told by the platform’s CEO was that "you could be using the wrong email address" — via a Tweet.
Chances are you have experienced something similar. New research has found that almost three-quarters of Australians are dissatisfied with how complaints are being handled on digital platforms.
Hunger games: Does food delivery really deliver the goods?
If you grew up in Brisbane in the late 1970s, you might remember a yellow van with a giant red telephone on top. The distinctive Silvio’s Dial-a-Pizza was a pioneer in the food delivery industry. Bringing pizza to our doors long before the household names of today.
Seven years later, Suppertime launched the first courier service for higher-end restaurants in Sydney. It eventually expanded into Melbourne in 2015.
It’s safe to say neither of these pioneers could have predicted just how big the food delivery service would become in Australia. It is now an $850 million industry that is predicted to grow into a multi-billion dollar industry from 2025.
Shocking power prices? Make money off your electricity
Power bills are on the rise again but don’t despair. There are ways you can not only save money on electricity but actually make some.
The Victorian Government has just announced that it will give consumers $250 to use its energy comparison site. It is basically incentivising you to take a closer look at your electricity bill.
Second best: Are used cars still worth your money?
If you’ve been casting your eye around for a new car recently, you’ll know that they aren’t that easy to come by, particularly if you’re fussy about the colour or model.
With the pandemic creating all kinds of delays in delivery, you could be waiting for many months before that shiny new vehicle is in your garage.
Sure thing: Are new car warranties a safe bet?
For many of us, cars are our second most expensive investment after our home. So it's only right to want some peace of mind when it comes to buying one.
Enter: the car warranty. In Australia, most new cars come with a manufacturer's warranty. That warranty covers you for a set period of time, usually three years. But in recent times, we've seen an increase in the number of brands offering longer warranties. Up to 10 years in some cases. It's a persuasive marketing tool.