A small payments policy is to reduce or limit the amount of money that can be paid by a payment agency to prevent excessive or negative use of mobile phone small payments.
Telecommunication companies provide a limit of up to 1 million won every month, but since small payments are made through payment agencies (PGs), small payments may not be able to proceed with small payments (소액결제) if they are limited by policies within the payment agency. Cashing credit cards can be made unconditionally if there is a limit, but small payments can be difficult if the policy is limited even if there is a small payment limit.
Reason for small payments policy
Mobile phone bill not paid
It is impossible to proceed if there is the first non-payment of mobile phone charges in order to use small payments normally. If the loan product is overdue, additional loans will be impossible, and if the credit card payment is not paid, it will be the same reason as a suspension of credit card usage. If mobile phone communication charges are unpaid, there are many very limited restrictions on using small payments. Therefore, the most important thing not to be limited to the small payments policy is to take measures not to pay mobile phone charges. If you have a credit card and apply for monthly mobile phone payments automatically, you can gain very high reliability from carriers and payment agencies, which has many advantages in using small payments.
History of non-payment of charges
Even if a mobile phone communication fee is paid, if the payment period is long, it may result in a history of non-payment and limit the small payments policy. As mentioned earlier, it is most important not to pay the telecommunication fee, and if you fail to pay the fee on time, you should be able to pay the mobile phone fee as soon as possible. Just as the financial sector also finds it difficult to use loans later due to a long overdue date, it is necessary to pay attention to the communication fee quickly so that the mobile phone fee can be restored to normal if the unpaid period is prolonged.
a newly opened mobile phone line
If a new mobile phone is newly opened and the opening date has not passed 93 days, the small payments policy may be restricted. This is a new policy reason to prevent users from using small payments and failing to pay telecommunication fees as soon as a mobile phone is opened. Recently, as “Phone Tech” has become popular in Korea, new mobile phones have been restricted from being able to use micropayments (소액결제) to prevent the use of small payments because they are urgently needed for cash after using all existing mobile phone small payments.