Small Payments Cashing (소액결제 현금화) refers to getting cash through small payments. This makes it simple to raise cash without adversely affecting your credit score.
Does small payment monetization affect your overall credit health?
Of course, there are always concerns about the impact on credit ratings when considering small payment monetization, but small payment monetization has no impact on credit ratings as long as you are careful about the precautions below.
1. payment of charges
If you use micro-payment, you will be charged together as a mobile phone bill in the following month based on the date of payment. As long as you pay the bill well on time, it will not have a negative impact.
2. using only the right amount of money
The maximum limit for small payments is 1 million won per month. If the amount I need right now is 100,000 won, it is important to pay only about 150,000 won, which is the amount you can get 100,000 won, so that I don’t feel burdened when paying the fee.
Precautions for monetization of micro-payment
Immediate payment in the event of non-payment, minimizing non-payment records
Review rate management methods such as limit adjustment. Long-term financial planning and management are important. Mobile phone micropayments, always be careful and find out properly.
If it’s your first time paying in small amounts
If you have not used a small payment for several years after the opening of your mobile phone and suddenly try to use it, you may be restricted to your small payment policy to prevent accidents. If you have never used a small payment of 10,000 won to 20,000 won instead of trying to pay a large amount from the beginning, it is recommended to proceed with the small payment of 10,000 to 20,000 won before proceeding with the small payment. If you want to pay a large amount from the beginning, you may be classified as a theft or risk user, which may limit the use of small payments, so be careful. For this reason, if it is your first time to cash in a small payment, it is better to proceed with a small payment through a professional company than to proceed with it alone.