Hello! Have you ever heard of monetization? These days, a lot of people are interested in using it for reasons big and small, and how to monetize it. Today, I’m going to introduce you to three concepts of monetization, and the low-cost ways to monetize it. I’m going to talk about it with a real-life story and tell you about it in a more realistic and emotional way.
What is small payment monetization?
Small payment monetization (소액결제 현금화) refers to the purchase of goods from gift certificates and online services using the limit of use of each telecommunications company (SK, LG, KT, and other specially designated telecommunications companies) and reselling them in cash excluding certain fees. The amount used is charged in addition to the mobile phone bill next month and is usually used by those who urgently need small funds.
A certain fee is incurred in the process of monetization of small payments, and the average fee is around 10% to 15% when repurchasing and selling with gift certificates, and 18% to 20% when reselling goods online. In addition, in the case of using a professional small payment company, it is cumbersome to purchase and resell directly with a gift certificate, given that a fee of more than 20% is required.
Cash in micro payments, something to keep in mind!
Small payment monetization (소액결제 현금화) has the convenience of being easily exchanged for cash, but there are also points to be aware of. Legal issues can arise if you make illegal transactions, except in legal ways. In addition, there are cases where you sell goods and do not receive deposits through direct sales, so when using it, it is recommended that you first investigate the buyer’s trust or the company’s evaluation.
You should also consider your mobile micropayment limits and your cash flow. If you try to secure cash through micropayments recklessly, you can quickly exceed your limits or spend unnecessarily. That’s why it’s a good idea to use them carefully and deliberately.
Lastly, each method of cashing has its pros and cons, so it’s important to choose the method that suits your situation. For example, if you want to secure cash simply with a low commission, I recommend cashing in using gift certificates. It’s cumbersome, but you can reduce the frequency of fraud by purchasing and selling it yourself.
