There is a useful method if you are unable to use a credit card due to credit problems or are having difficulties due to insufficient credit limit.
There is a way to use Toss postpaid payment.
Today we will learn about Toss deferred payment.
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What is deferred payment?
Toss postpaid payment
What are the features?
Toss postpaid payment is eligible for use
Toss deferred payment payment date
Toss postpaid payment affiliated stores
Differences between Coupang VS Naver Pay VS Toss Postpaid Payment
What is the limit?
What is the interest rate in case of late payment?
Where payment is possible
What is deferred payment?
Deferred payment literally means paying the bill later. You can think of it as a similar concept to a credit card.
Toss postpaid payment
When you want to buy something but don’t have the money right away, you pay through Toss deferred payment, and then repay the money to Toss later. Currently, Toss postpaid payment can be limited to a maximum of 300,000 won and can be used without interest or fees.
What are the features?
What’s interesting is that currently, postpaid payment is a service operated by fintech companies through a platform, so sharing information such as payment history and delinquency information with existing credit card companies and banks is limited.
Thanks to this, even if you make a late payment, it does not affect your existing credit score and only affects the alternative credit rating system.
Toss postpaid payment is eligible for use
Only available for use by ages 19 and older
Toss deferred payment payment date
Pay on the 15th of next month
Toss postpaid payment affiliated stores
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Differences between Coupang VS Naver Pay VS Toss Postpaid Payment
So, among Coupang, Naver, and Toss, which provide postpaid payment services, which company has the best advantage?
What is the limit?
Naver Pay and Toss postpaid payment usage limit is set at 300,000 won, but Coupang allows up to 2 million won.
And Coupang even says that installment payments are available for up to 11 months.
What is the interest rate in case of late payment?
Naver Pay Toss deferred payment interest rate is 12% per annum (0.0328% per day)
Coupang: 10.95% per year (0.03% per day)
Where payment is possible
Naver postpaid payment is available in most places where Naver Pay is applied, but Toss postpaid payment is only available for 63 brands (as of July 10, 2022).
Of course, Coupang later payment can only be made within Coupang.