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A prepaid mobile device, also known as a pay-as-you-go (PAYG), pay-as-you-talk, pay and go, go-phone, prepay, or burner phone, is a mobile device such as a phone for which credit is purchased in advance of service use. The purchased credit is used to pay for telecommunications services at the point the service is accessed or consumed.
Prepaid refers to goods and services paid for in advance. Examples include postage stamps, attorneys, tolls, public transit cards like the Greater London Oyster card, pay as you go cell phones, and stored-value cards such as gift cards and preloaded credit cards. Prepaid services and goods are sometimes targeted to marginal customers by retailers.
The history of the prepaid mobile phones began in the 1990s when mobile phone operators sought to expand their market reach. Up until this point, mobile phone services were exclusively offered on a postpaid basis (contract-based), which excluded individuals with poor credit ratings and minors under the age of 18 (the typical age of contractual.)
It’s inexpensive. Phone plans can really add up. Most providers offer customizable plans with varying levels of data, talk, and text. But Consumer Cellular plans are relatively cheap compared to ...
At this point, you may be considering a prepaid cell phone to help save money. Here are a few things to keep in mind before you make your Making the Call on Prepaid Cell Phones -- Savings Experiment
According to a recent report from NPD, prepaid smartphones are increasing in popularity with U.S. consumers. In the first quarter, prepaid smartphones represented 32% of all smartphone sales, an ...
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