Small Payment Cash Seal
Cash seals, also known as cash envelopes, are a standard means of paying small amounts in cash in South Korea. A cash seal is a paper envelope with a small amount of money, which is squeezed into the envelope and sealed shut. This allows for more accurate cash payments in stores that do not need spare change. Cash seals can be loaded in diverse amounts and can be used for small transactions or particular cash sums.
Cash transactions are straightforward; you have what to buy and pay, and it happens the same way. This is usually the place where the cashiers keep their cash seals, or what we may call the cash drawer area within the store. This means that all you have to do is choose the amount of physical cash you want to be converted into digital currency and hand it over to the cashier alongside other forms of payment. Today, more and more customers and shopkeepers alike prefer cash seals over coins to avoid the daily inconveniences they cause.
Where to Purchase Cash Seals?
In Korea, convenience store is the most common place to purchase small payment cash seal. All of the major convenience store chains like 7-Eleven, EMART 24, and CU stock strips of small payments in denominations of 500, 1000, and 2000 won. You can find the cash seals sold near the front of the store by the ticket and gift card counters. A single strip with several seals usually costs between 2000-3000 won.
Valid Payment Amounts
In most stores across Korea, a small payment cash seal can be used for any purchase under 3000 won. The 500, 1000, and 2000 won denominations cover the majority of inexpensive items like snacks, drinks, magazines, and everyday essentials. Using payment cash seals is more convenient than paying with exact cash for these low-valued items and transactions.
Using a small payment cash seal at Checkout
To pay with small payment cash seals, peel one off the strip and hand it to the cashier along with your items. The cashier will run the seal through their checkout system, which will deduct the matching amount like cash. No change is given if the seal exactly covers the total. It’s a simple process that makes using these prepaid seals for small payments quick and easy.
Using Cash Seals at Checkout
To pay using a small payment cash seal at checkout in Korean stores, remove one from the strip and hand it to the cashier along with your items. The cashier will scan the seal like a barcode, which deducts the value immediately. It’s a fast and simple process requiring no searching for coins like with cash. Change is not given, making cash seals very convenient for purchases under 3000 won.
Participating Stores in Korea
In Korea, small payment cash seals are accepted by most convenience stores, coffee shops, pharmacies, bakeries, and restaurants. You’ll also find them accepted on public transportation, for parking meters, and select vending machines. The widespread acceptance of small payments offers easy payment options for daily activities.
Benefits for Merchants in Korea
For merchants in Korea, 소액결제 현금화 물개 saves employees time compared to cash transactions for low prices. Counting coins is eliminated, and cash seals are less prone to theft than a build-up of cash in registers. Merchants also benefit from increased sales and consumer convenience with cash seals.
Final Words
Small payment cash seal continue to be a popular way for both stores and customers in Korea to handle low-value transactions. The widespread acceptance of cash seals in a variety of industries makes them a very convenient payment option for everyday purchases like snacks and drinks.
Whether you’re a new visitor needing to pay a small bill or a local going about daily errands, understanding how the cash seal system works will help you spend using this standard payment method in Korean stores. Cash seals provide an easy, cashless alternative for making small payments all over the country.
