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A small payment is an e-commerce transaction with a very small amount of money in conversion for something made available online, such as an application downloaded. Small payments are less than 75 cents and can be as low as a fraction of a cent. The small payment can limit the customer of their application dealing with all telecommunication companies.
When signing up on KakaoTalk with 소액결제현금화 are automatically given a small payment cash limit. For example, if you reach 500,000 KRW to 600,000 KRW, the level of small payment will increase. The limitation is set at 300,000 KRW due to the inside policy of the telecommunication company. Today, the maximum limit for small payment cash is 1 million KRW.
How do you avoid scammers in the small payment cash?
When you cash out a small payment you always be aware of the scams. When you need urgent money and trying to cash out in small payment cash you might be a scam. The scammers are looking for a mobile phone that has a small payment cash account. Some are being a fraud by small payment cash, the important is not to give your gift voucher and always cash out in the exact small amount payment properly.
How to examine the small payment cash policy?
The small payment cash policy is not to stop the payments from telecommunication companies. The payment agency is issuing about the small payment cash service that the telecommunication company will record and information about the non-payment charges will inform to the user by text messages.
The main features of KakaoPay are:
- Wire Transfers
- Credit Card Payments
- Password Authentication
- Identity Verification
- Barcode Scanning
- Bills Management
- Cash Payments
- Mobile Payments
What are the benefits of small payment cash mobile applications?
The main benefit of KakaoPay is the password authentication feature. It can send and receive money via wireless transfer. It also keeps mobile rewards for users.
Here are the benefits detailed of KakaoTalk:
- Manage your bills.
The KakaoPay will be used in businesses like paying their bills directly to the application.
KakaoTalk connects with some companies in South Korea. It is suitable for paying bills, especially for companies.
- Passwords Secured.
With password identity verification, Kakao provides security for the fund’s details of its users. The password authentication makes sure the owner or an authorized person is using it.
- The wireless method of sending money.
You can pay directly and receive from the clients through KakaoPay. More companies love to use it because of direct wireless transfers from KakaoTalk. With no hidden charges it is a very cost-effective solution that benefits both clients and businesses.
- Rewards Scanning
KakaoPay has more discount coupons, gift certificates, and loyalty cards.
This is the achievement of businesses by offering loyalty cards that are scannable with barcodes. The scanned barcode will be kept in the mobile wallet. The more you use, the more rewards and points you will have.
