Comparing Fees and Withdrawal Limits of Korea’s Leading Small Payment Cashing Companies

In Korea, Small Payment Cashing Companies render the service of money withdrawal, which people can use for their debit or credit cards by a card reader device. These companies do a great job at giving a chance to many customers. While the number of such small-phased cash payment companies in Korea is several, there are still many players in the market. 

Comparing the options available could be helpful for you to find out the one that suits your requirements and financial ability. The quality of being a knowledgeable user in the issue of small cash payments is the main thing to watch the services done. This article provides an overview of the different fee structures and limits imposed by Korea’s leading small payment processing companies.

Compare Korea’s Top Small Payment Cashing Companies

When you don’t have cash on hand and time is limited, payday loan companies are there to lend a helping hand with their cash-in-a-second service. Various fees and minimum withdrawal thresholds create such a confusing situation. From mainstream banks to internet-based newcomers, the tabulation of the 7-Bank, Ok Cash, K Bank, Nonghyup IBK, Hana Pay, Kakao Bank, and Toss can guide you to the preferred service.

7-Bank – A Small payment cashing company

The company 7-Bank has been ranked first among micro-small cashiers in Korea. Customers can make a cash withdrawal from ATMs of 300,000 Won per day from allied locations. The withdrawal fee is 2% of the sum with a minimum charge of 1,500 won. This tiny national player has in excess of 15,000 ATMs spread across the whole country.

Ok Cash

Ok Cash is an electronic payment gateway with more than 30,000 service points. The monthly withdrawal can reach the amount of 500,000 won, as well as a 3% fee. This small startup in the cash advance industry provides cash within a 5-minute walking radius of its clients’ locations.

K Bank

K Bank provides over-the-counter cash-delivery services at all branches in Korea. The 4% charge fee by their payday cashing company only applies to payment amounts up to 200,000 won per day. Large amounts of money may include extra fees. Cash availability is possible through K Bank-wide branch access.

Nonghyup IBK

Nonghyup IBK considers itself the most significant agricultural bank. Withdrawals have up to 200,000 won a year, a 3% charge for daily ATM payout.

Hana Pay

Hana Pay, Korea’s central bank, is not only one of the country’s main small payment cashing companies but also one of the leading payment cashing companies. Some customers find it cheaper to use Hana Pay because of the lower fees.

Kakao Bank

Kakao Bank does not have any physical branches as it is Korea’s first internet-only bank. While the service provides great convenience, the small payment cashing company partners limit daily withdrawals to up to 300,000 won from 12,000 ATM points across the country for a 2.5% fee.

Toss

Through an app-based service, Toss permits its customers with a daily withdrawal of 300,000 won from 7-Eleven for a 3% fee. The small payment cashing company Toss, as a bank, holds a solid network of stores through a major polo club.

Payco

The service allows for payment via cash pick up at around 8,000 partner locations and sets a daily 300,000 won limit with a 3% service charge.

Final Thoughts: Small Payment Cashing Companies

소액결제 현금화 회사 provides an important service for those who require quick access to cash. It is important to understand all of the associated fees and limits before relying on these services. By comparing the options among Korea’s leading small payment cashing companies, customers can determine which best suits their occasional cash needs. Considering factors like transaction costs, daily withdrawal amounts and accessibility of locations enables informed choices. With so many options available, finding the proper small payment cashing company delivers convenience without overspending on high fees.