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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.
The short contract length is one of the key features of SIM-only – made possible by the absence of a mobile device. SIM-only is increasing in popularity very quickly. [63] In 2010 pay monthly based mobile phone subscriptions grew from 41 percent to 49 percent of all UK mobile phone subscriptions. [64]
As of 2015, usually only prepaid mobile phones are sold with a SIM lock. Phones sold with a contract stipulating monthly payments are not typically locked (as the monthly payments are due no matter what network the phone is used on). Also, most providers will unlock the phone on demand.
Recent statistics (OECD Communications Outlook 2005) indicate that 40% of the total mobile phone market in the OECD region consists of prepaid accounts. This service was invented by Portuguese provider TMN, while researching for a means to increase penetration of mobile technology by allowing anyone to buy a fully working (usually requiring a quick and simple activation process) mobile phone ...
Mobile virtual network operators (MVNOs) in the United States lease wireless telephone and data service from the four major cellular carriers in the country—AT&T Mobility, Boost Mobile, T-Mobile US, and Verizon—and offer various levels of free and/or paid talk, text and data services to their customers.
At launch, Giffgaff's first product was a prepaid SIM card providing all standard 2G and 3G mobile phone services and charging on a pay-as-you-go basis. Following this, Giffgaff announced bundles of minutes, texts, and data, called "goodybags". The idea for bundles emerged from the community forums. [10]
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