Credit cards are useful because they allow you to purchase goods or use services even if you don’t have money right away. However, you must apply for the card and pass the screening to use it. And you have to get a card to use it. Today, we will learn about a simpler microcredit service, Toss deferred payment.
1. How to use Toss postpaid payment
To use Toss postpaid payment, you must use the Toss app. After installing and running the Toss app, select the full menu at the bottom right. If you look at the payment category in the middle, you will find postpaid payment. If you apply for the service here, you can use deferred payment.
For deferred payment, you can pay with Tospay at any available affiliated store. Available affiliated stores will be explained below. From the customer’s perspective, there is nothing to lose because the money is paid later.
Please refer to the information below for detailed information about Toss postpaid payment.
1) What is Toss deferred payment?!
This is a service that allows you to pay the amount purchased with Toss Pay on the 15th of the next month. Not all affiliated stores are eligible. Only online payment is possible, and it is only available at some Tospay affiliated stores.
Toss Postpaid Payment-Information
Toss postpaid payment
However, since most large merchants are registered, it is safe to say that it can be used online.
– Merchants using Toss postpaid payment
: Yanolja, How about here, Today’s House, WeMakePrice, HIVER, My Real Trip, BRANDI, Ideas, Must It, Style Share, Internet Kyobo Bookstore, Aladdin, Ten by Ten, Yogiyo, Hyundai Hmall, Ranking Chicken Com, AKmall, SSF Shop, Lotte Internet Duty Free Shop, Class 101, Jeju Air, etc.
Toss-postpaid payment-affiliate-information screen
Postpaid payment merchant
2) What are the advantages of Toss postpaid payment?!
The biggest advantage is that students, housewives, newbies, and the financially vulnerable who have difficulty obtaining a credit card can also receive financial services.
Although there are some screening conditions, it is much easier than a credit card. However, only Korean nationals aged 19 or older can use it.
2. What are the terms of use of Toss postpaid payment?!
The usage limit is up to 300,000 won, and use is notified through screening. It doesn’t seem like there are complicated screening conditions, and it seems like people who really don’t qualify are excluded based on certain rules. There is no separate service fee and there is no effect on your credit score. I think this is because it is still a beta service and is not included in institutional financial services.
Cash receipts are also automatically issued, which is convenient.
Toss-Postpaid Payment-Screen
Toss postpaid payment service screen
3) How to pay the deferred payment amount?!
The amount used will be automatically withdrawn from the designated account on the 15th. You can also pay before then through the app.
4) What if the Toss deferred payment is overdue?!
If you make a late payment, your deferred payment service will be suspended and a late payment fee of 12% per year will be charged.
3. Find out about other postpaid payment services
Many fintech companies operate deferred payment services. Please note that the following services are available.
– Naver Pay postpaid payment usage, benefits, advantages and disadvantages
– How to apply and use Coupang postpaid payment and benefits
We learned about small credit services and Toss deferred payment. The service content is simple, and it is currently in beta service, so it is easy to use. If you need to make an online purchase but are short on cash right now, give it a try.