Pay As You Go (PAYG) or contract mobile users can sell their unwanted airtime credit for money on some websites. This process is facilitated by PayPal which is the most common payment method on the internet.Pay As You Go (PAYG) or contract mobile users can sell their unwanted airtime credit for money on some websites. This process is facilitated by PayPal which is the most common payment method on the internet. It is a payment method that is relatively easy to use and makes payment and receiving of money very convenient. This method links the e-mail address of a person to a bank account. However people who sell their credit to PAYG credit purchasing websites can receive money back for credit that would otherwise be wasted. All you need is a mobile phone and a free PayPal account which will be setup for you if you haven’t already got one.Selling credit can be done in a few simple steps firstly the website will ask for an amount to take from the user in credit and the payment processor will ask for a mobile number to take the credit from. The user should be careful and verify that the number given is correct as a validation code is sent to that mobile number to authorize the sale , though if selling through a mobile web browser a phone number is not usually required as it can be found directly from the handset.There are also certain steps involved in receiving money from any website buying credit. If you are expecting payments you should ensure that your mobile phone is on and can receive incoming text messages. When you sell your credit an activation code will be sent via text to your mobile phone to alert you to the transaction and make sure that no fraud is taking place. Once a text has been received , the activation code can then be used to complete the transaction. Each website has different timescales and payment rates but as a general rule fifty percent of your credit is the average amount received after processing and PayPal fees have been taken into account so for twenty pounds in credit you would expect to get ten pounds back. There are people who sell large amounts of mobile credit which they have available from a practice known as box breaking. Box breaking takes place as different countries have restricted access to the latest phones such as the iPhone. The latest mobiles are not always available through authorized retailers in some parts of the world. In the UK for example a SIM lock is often built into mobile phones that are sold at a subsidised price by mobile phone manufacturers either on a contract or for pay as you go use. Network providers such as Orange , T-Mobile , Virgin and O2 use this capability to restrict the use of their phones to specific countries and network providers. In theory locking the phone in this way allows the subsidy to be recouped through call , data and text charges , however , for most phones it is relatively easy to remove this lock which allows the mobile to be used anywhere and on any network. A box breaker would remove the SIM lock and ship the phone to a country where it could in some circumstances be sold for up to 50% more than the mobile would cost in the UK. As credit is often bundled with the mobile phone (which can’t be used outside of the UK) this would leave the box breaker with unwanted credit which can then be sold.
