These days, postpaid payment services are increasing.
Among them, I was curious about the postpaid payment function provided by the ‘Toss’ app that I usually use, so I applied and used it myself.
At first, I was a little worried, but when I actually used it, it was more convenient and useful than I expected, but there were also some regrettable points.
In this article, I’m going to share my honest review of Toss postpaid payment after using it for about a month.
What on earth is Toss postpaid payment? 토스 후불결제 후기
Toss postpaid payment is a type of small credit service.
Instead of having to pay in advance like a card, you spend within a set limit each month and pay it back the next month.
You can check your limit right away by applying on the Toss app without any complicated screening like a bank credit card.
The limit varies from person to person, but I started with 300,000 won.
The most convenient thing is that postpaid payment is automatically applied when paying with Toss Pay without a separate card.
Since you can make payments even if you don’t have money in your account, it’s useful when you suddenly run out of cash.
The application process was really simple.
When you open the Toss app and search for ‘postpaid payment’, the application screen appears right away.
There’s no need to enter your name or resident registration number, and the review process is done with the information already registered with Toss, so it was completed quickly.
The review results came out within 1-2 minutes, and I was able to use it right away.
They also tell you the limit right away, so you can see how much you can use transparently.
The limit is also renewed every month, and it can increase depending on your usage and repayment history.
I used it well for a month and paid without any late payments, and it went up to 500,000 won.
To use it, just use ‘Toss Pay’!
This was the most convenient.
When paying at affiliated online shopping malls such as Baedal Minjok, Coupang, and Market Kurly, if you just select ‘Toss Pay’, it will automatically be deducted from the postpaid payment.
In other words, when making a payment, you don’t have to select “I want to use postpaid payment”,
but if your balance is insufficient or the postpaid payment setting is turned on, the postpaid payment is automatically applied.
Since on-site payment is possible with QR, it can be used quite widely offline as well.
I used it once to buy a lunch box at a convenience store, and it was paid very smoothly.
It is automatically charged at once on the 5th of the next month.
With postpaid payment, the amount spent for a month is automatically withdrawn from the linked account on the 5th of the next month.
It feels like the amount spent every day accumulates and is settled at the end of the month.
And it sends two notifications before the withdrawal, so I don’t forget. 윤과장의 소소한 일상 이야기
I got into the habit of depositing money in advance in case my balance is insufficient.
What was really good
First, it is used like a check card, but it feels like a credit card, so it was very useful when I needed money urgently.
Second, I could check all the details in real time within Toss, so it was easy to manage my spending.
Third, there is no interest!
Although it is postpaid, there is no separate interest until the 5th of the next month.
However, you should be careful because late payment interest may be charged if you are late.
There are also some regrets
The biggest regret is that the available stores are limited.
Since it is still mainly supported by online/offline stores that support ‘Toss Pay’,
it is difficult to use it at general marts or hospitals.
Also, some people say that the limit starts too low.
My friend started with 50,000 won, but even that was so small that he practically never used it.
Also, it may have a slight effect on your credit score, so it would be better to avoid postponing repayment for a long period of time.
Actual usage examples I have used
Payment for daily necessities on Coupang: Approximately 32,000 won
Lunch box from Baedal Minjok: 11,800 won
Food ingredients from Market Kurly: 24,500 won
Convenience store late-night snack: 4,200 won
I used a total of 72,500 won as a postpaid payment,
and it was automatically paid on the 5th of the following month. It was less burdensome than I thought, and it was perfect for helping with necessary spending before my paycheck.
Summary of frequently asked questions (HTML table)
Question and answer
How is the Toss postpaid payment limit determined? It is automatically calculated by combining personal credit information and Toss transaction history.
When do I have to pay back the amount I spent on postpaid payment? It will be automatically withdrawn from the linked account on the 5th of the following month.
Doesn’t it incur interest? There is no interest until the payment date, but if it is late, late interest is incurred.
Where can I use it? It can be used at online/offline stores that support Toss Pay.
Does it affect my credit score? If you manage it well without late payments, it will have little effect, but if it is continuously late, it can have an effect. I recommend this to people like this
When you urgently need money to last a few days
When you don’t have money right now but have something you absolutely need to buy
People who find credit cards burdensome and only use check cards
People who are used to recording and managing their spending
Especially for young adults or freelancers
This can be a great opportunity to safely experience “credit.”
Honestly, I was quite satisfied
At first, I was hesitant because I thought it was just a small loan concept,
but when I actually used it, I felt that it was a ‘useful consumption tool if I knew how to use it well.’
In particular, it was very convenient that I could check my payment history in real time like a check card,
and that it was settled all at once a month like a credit card.
However, reckless spending is absolutely prohibited.
You should keep in mind that even postpaid payments are ‘money that you have to pay back.’
If you use it smartly only when necessary, it can be a pretty useful feature, right?