[Asia Times = Correspondent Lee Ha-na] By using micropayment cash and credit card cash, anyone can secure a small amount of cash regardless of age or income. Transactions are made within the limits of mobile phone micropayments and credit card payments designated by the user, so you can freely use it according to your economic situation.

However, it is said that damages such as personal information leakage and financial fraud have recently occurred due to some users' negligent transaction progress and illegal companies' misleading consumers.

The damages range from inducing excessive payment or application of excessively high fees to serious forms such as proceeding with payment without notice and smishing. In particular, there is a possibility that you will be hit with a charge bomb because the amount of cash payment for small payments and cash payment for credit cards will be charged on the next month's bill as it is.

A person in charge of the company said, “The most important thing is to check if it is a formal company that legally pays for and operates a business.” is not required,” he explained.

Cashing out mobile phone micropayments packaged with tempting words such as 'preparation of money' and 'immediate payment' is known as 'mobile phone cash service' among young people including teenagers. Small payment monetization is a kind of "mobile gang" conducted by private companies, and refers to the act of borrowing cash by taking illegal fees by using non-cash items or credit.

Mobile gang is to purchase a service using your mobile phone micropayment or information usage fee and sell it to a business operator at a low price to receive cash, which is done through a private company. Businesses lure those in need of quick money by saying that anyone can use them because they can immediately prepare cash using micropayments on their own mobile phones, not loans.

Since they can prepare cash right away, teenagers and young people in their 20s who need cash are said to be more familiar with mobile kang than card kang. Most of those who use micropayment kang need a small amount of cash, but after using kang, they cannot afford the increased bills, so they touch their family's cell phones or become credit suspects with larger debts.

It is recommended to use micropayment kang companies saying that there is no problem because the transaction is based on the person's free will. But an act of free will does not make an illegal thing legal. Cashing in micropayments is an illegal act under the Information and Communications Network Act, and can be punished by imprisonment for up to 3 years or a fine of up to 30 million won.

◆ Act on Promotion of Information and Communication Network Utilization and Information Protection, etc. Article 72 (Penalty)

① A person who falls under any of the following subparagraphs shall be punished by imprisonment for not more than three years or by a fine of not more than 30 million won.

4. A person who lends funds through any of the following acts, or a person who mediates, brokers, solicits, or advertises them:

go. Acts of disguising the sale or provision of goods, etc., or making transactions through telecom billing services in excess of the actual sales amount, or having it act as an agent

me. An act of having a telecom billing service user purchase and use goods, etc. through the telecom billing service and then purchasing the goods, etc. purchased and used by the telecom billing service user at a discount

Even if personal information is leaked or secondary damage occurs due to fraud while trying to use mobile phone micropayment cashing, you will not be able to receive help from any institution because it is fundamentally an illegal transaction.

Microtransaction scams are unfavorable transactions in which you have to repay all of the unused amount at a high fee that far exceeds the statutory interest rate. You should never use mobile phone micropayments/cash for information usage fees that are cleverly tempted as if they were legal. There should be no foolishness to spend the near future in pain to solve the difficulties of the present.

Website: https://moa-gift.com/