Paperless pay saves money and is a quicker and more efficient way to make payments. Electronic payment systems make it easier to track down payments made and received in case of disputes. Maintaining records is far easier with a paperless system of making payments.
Saving paper also helps the environment, as paper is made from wood pulp and wood comes from trees. A lot of money is also saved on postage and handling if businesses and individuals choose the paperless system of handling payments. A paperless system also helps to save time, and the time saved helps to increase productivity.