What is Cashing out small payments?
Cashing out small payments (소액결제 현금화) means that mobile phone payments are made through mobile phone small payments at online shopping malls or offline affiliates. It is a mobile phone post-payment service that can be paid together in the following month because the amount of small payments used is added to the communication fee in the following month after payment. Anyone over the age of 19 can use it if you are an adult and have a mobile phone under your name.
What is the limit for small payments?
The mobile phone small payments limit is provided by the carrier up to 1 million won per month. The maximum limit varies depending on the status of each customer’s telecommunications credit, and an average limit of about 600,000 won is provided. Even if the mobile phone bill is unpaid, the small payments limit is provided, but the maximum limit is sometimes reduced.
What should I keep in mind about cashing out small payments?
It would be best if you could monetize small payments by yourself, but if you have to proceed with the payment through a small payment company, it is most important to use a formally registered company. Since each small payment company has a different process, it is recommended to compare the process and the amount you can receive and choose the method that suits you.
Why are the fees different for each company?
There is no choice but to differ in the amount of monetization because each small payments company has a wide variety of methods for monetization, so each small payments company has different products and sites for payment. Also, even if you pay the same product and convert it into cash for the same amount, it will be a different matter depending on how much the company pays you. Therefore, it is most important to operate honestly and pay through an officially registered company.