In Korea, there are many different ways to make cash using mobile phones. When many people urgently need cash, they make cash through mobile phone micropayments (소액결제 현금). In this article, we will learn about the ways to make cash using mobile phone micropayments.
Purchase and sale of gift certificates
In Korea, gift certificates can be purchased using the mobile phone micropayment limit. Representatively, Culture Land gift certificates and Culture gift certificates can be purchased and these can be resold at high rates. These gift certificates can be consumed in a wide range of markets in Korea. This is because there are many customers who want to buy gift certificates and they can be sold at high prices because there is a lot of demand. Therefore, they make cash by purchasing gift certificates using the mobile phone micropayment limit and selling gift certificates at high prices again.
Charging and Refunding the balance of your transportation card
In Korea, you can recharge your transportation card balance using your mobile phone micropayment limit (소액결제 한도). You can recharge your balance through several transportation card-only apps, and once you refund the charged balance, you can deposit cash into your bank account.
When you request a refund of the balance of your charged transportation card, you will have to pay an approximate fee of 5 percent. Therefore, if you request a refund after charging the balance of 1 million won, you will receive a deposit of 950,000 won.
cash-raising skills through a company specializing in micro-payment
There are many customers who use small payment monetization, but there are many customers who give up their progress because the process is complicated or cumbersome even if they know how to monetize small payments and how to do it.
If you don’t know how to monetize small payments in detail and want to simplify the process, you can contact a company that specializes in monetizing small payments to make it simple.
Conclusion of this posting
There are many different ways to monetize micropayments in Korea than the methods introduced in this post. This is personal know-how, and there are many different ways to monetize micropayments depending on the know-how of a company specializing in micropayments.
One thing to be aware of when you’re cashing in on micropayments is that you shouldn’t overspend. If I only use the amount of cash I need, it could have a negative impact on my credit if I use too much micropayments, so be careful.