As the name suggests, Micropayments are small payments that are usually less than a dollar or can be even a small fraction of a cent. However, there is more to it, as it is a concept that involves various things that can be quite hard to understand. However, to make it easy for you, this article will emphasize micropayments policies, what information usage fees cashization means, and the advantages of 소액결제 현금화 (Cash in micropayments). So, in order to understand everything about Micropayments, keep reading this article.
What Is Micropayments Cashing?
In simple words, the micropayments means the simple exchanges of cash after paying fees for information usage which is also known as content usage and gift certifications by using a mobile phone Micropayments. This payment can be done by any Android, Ios, or budget phone. However, prepaid phones don’t have the features to opt for these exchanges.
The reason behind the possibility of performing Micropayments is that when you purchase a smartphone or iPhone, the telecommunication or cellular company provides you with a certain limit on Micropayments. And then you can use the limit provided by the telecommunication company to pay for content usage fees, gift certificates, etc.
The best thing about Micropayments is that anyone with even a bad credit score can do it simply with their phones.
Can You Increase The Limit Of Micropayments?
Yes, you can increase the limits of the phone micropayments. However, when you bring your phone for the first time, you will be provided with a certain limit that is available to every individual. But, once you keep using the micropayments for more than three months, you can apply to the telecommunication company to increase the micropayments limit on your account.
The maximum limit of the Micropayment limit can go up to Ten thousand Won.
What Is The Method To Convert Micropayments into Cash?
There’s no direct method to convert micropayments into cash or you cannot also use it as cash. But you can convert it through an indirect method. Let’s say, you have purchased a gift certificate with a high cash exchangeability, this gift certificate you can later give someone else in exchange for cash.
There are also service providers on the web, who offer services of exchanging micropayments for cash. However, be cautious when choosing that type of service. Because the availability of scammers on the web is abundant. So, when opting for such a service provider make sure, they are an authorized company.
What are the Advantages of Micropayments?
- One can avail micropayment even if he or she has a bad credit score.
- The micropayment cashization process is quite simple; you can use it 24/7.
- In order to pay for the micropayments cashization, you aren’t required to visit anywhere. All you have to do is to send a gift certificate pin to the telecommunication company.
Conclusion
소액결제 현금화 (Cash in Micropayment) is without a doubt an excellent option for a small transaction. However, in order to keep enjoying it, make sure to pay your mobile bill on time, otherwise, the piled-up interest rate can become a massive headache for you to tackle.
