Have you ever heard of monetization through micro-payment (소액결제 현금화)? This method is often used when cash is urgently used. Monetization means purchasing gift certificates using micro-payment limits, selling them through the place of purchase, and converting them into cash.

This post will guide you through the types and methods of cashing, its pros and cons, and tips you can use wisely with precautions when using it. Check all relevant laws and regulations and even the criteria for choosing a safe buyer.

Cashing can be used in a variety of ways, but some people are having difficulties because they cannot choose a method or a safe place to buy. It is a good alternative to making emergency supplies in an urgent situation. It has the advantage that it can be used by any Korean citizen over the age of 19. Then, let’s see how to cash in through micro-payment.

a policy of non-payment of small payments into cash

If there is a record of unpaid or overdue telecommunications charges, the payment agency as well as the carrier can prevent micro-payment according to its own policy. In this situation, it can be difficult to proceed with micro-payment directly. In this case, it is a good idea to cash in through a micro-payment company.

What is a small payment?

Everyone has experience with micro-payment. Buying items necessary for games or necessary items with the limit of having a cell phone is called micro-payment. It is true that the utilization of micro-payment is increasing as smartphones have become popular recently, allowing one-stop shopping to pay.

the need to monetize small payments

Cashing is an element that everyone should have as an emergency reserve. Micro-payment limits are measured differently depending on the individual’s condition, but if you use them safely, you can easily use them when you need to pay cash right away. It has the advantage of being convenient and has experience in micro-payment, so it’s easy to proceed.

On average, the fee for monetization is 20% to 30%. It is important to avoid companies that charge higher fees than this. If you charge too much, even if you actually pay the same amount, the percentage of cash payments can be reduced, which can be a big loss. Therefore, make sure to select a company that operates with an honest fee and proceed safely.