With the growth of the mobile phone market, the entire concept of payments too had a complete face lift. A high end technology packed handset is most times out of reach for the ordinary customers. Thanks to the high prices. This to a certain extend has affected the sales of these brands. To bring the sales up, retailers have come up with innovative ideas including excellent contract deals. Through these deals, it is easy for the users for own their dream handsets that are really expensive. The high rise in the deals has in fact made large group owners of such phones.
To begin with, what are the conditions for the user to get into a deal? The user will have to first sign a contract with the mobile network service provider for a fixed period of 12 or 18 months. The user who is into the deal has to pay a fixed monthly fee to the mobile network service provider for a period for which the contract is effective. During the period of the contract, for the amount paid by the user, the network service provider will provide free talk time, fee text messages, and subsidised call rates. The user will also get a chance to own a handset of his dreams.
The operation of Pay As You Go Phones is entirely different. Here, the user needn't have to sign any contract with the network service provider. Even it is not expected from him to pay monthly rentals to garner a mobile phone. But instead, the user is supposed to purchase a phone card from the market for the purpose. It is also possible for the user to purchase his own handset. These handsets are easily obtainable from retailers. The purchase of the handset also makes the signing of the network service provider easy.
There are certain formalities involved in the signing of the deal with the network service provider. The user who is in efforts to sign the deal will have to provide the serial number of the handset to the provider's representative. Here, the talk time of the user is deducted from the user's balance in the card.
