Paying phone bills is necessary for everyone who uses a mobile phone, be it as an individual or for business purposes. In fact, since everything in today's world is done online, paying your phone bills falls into the same category as budgeting your food expenses. Therefore, when considering your monthly expenses, phone bills must be the second most expensive item on your budget list after rent, food, and utilities.
Therefore, understanding how to save money on phone bills is essential to managing your finances and taking control of your money. After all, your cell phone is interconnected to your daily life as a necessary tool for staying in touch with family and friends, business counterparts, and the rest of the world. And, as with any commonly used item, failing to be financially prudent with your phone bills can cost you a significant portion of your income.
Aside from the regular charges you have to pay to keep your phone connected to your service provider, taxes and fees are added to your plan price, which is unavoidable and causes you to pay more. According to Tax Foundation data, taxes, fees, and surcharges accounted for 22.6% of the average wireless bill in 2020. This means that if your average monthly phone bill is $50, you'll be paying an extra $11.3 in fees. This is a significant expense if you own a business or have to pay a household bill.
So, how do you save money on these bills? How do you avoid paying so much wireless tax?
Importantly, how you top up your mobile phone determines how much money you can save. There are several ways to top up your mobile phone, but how does each method affect the overall cost?
Cost Implication Of Various Top-up Methods
Service providers have different tariff plans with different pricing attached to them. However, regardless of your tariff choice, some charges apply to how you top up your phone. Apart from having a contract plan with your service provider, which usually costs a lot, these other methods are possible ways you top up your phone.
Paying Online Through Carrier Service
You can top up your mobile phone using the website of your provider. When you pay through your service provider, you must choose a preferred payment mode, either by linking card payments or a bank account, and your bills will be deducted automatically from your account. The disadvantage is that there are always some hidden charges you will usually incur, and connecting your card means your bank will take some charges. Although these charges might seem small per transaction, it takes a significant portion of your money when it accumulates.
Paying Through Third-party Platforms
Third-party platforms are online mobile payment methods that allow you to make purchases that are charged to your phone bill directly. They work with any service provider you choose and offer top-up discounts to entice you. However, to use their services, you must add a payment mode through card payments or by adding your bank accounts, which means you will incur some processing fees from your bank.
Buying Top-up Cards
You top-up your phone through top-up cards purchased at the store or a Payzone. However, aside from being inconvenient, this method is also time-consuming, and taxes and fees are already included in the purchase denomination.
Paying Through ATMs
Making top-ups through ATMs is another convenient way to pay your phone bills. However, the same charges that apply to using your cards online also come into play.
A Way Out Of Excess Charges?
So, how can you save money on your phone bills with the various charges associated with these methods? How can you overcome the hidden charges and taxes on your phone bill?
Unfortunately, avoiding these charges may be difficult if you use traditional methods of topping up your phone.
So, what's the way out? Cryptocurrency!
Cryptocurrency came as a solution to the various challenges of traditional finance. Often, cryptocurrency is seen as an investment rather than a simple payment tool. However, with the global adoption of digital currencies, its utilization has been seen in day-to-day activities, especially paying bills. This means you can use cryptocurrency to pay your phone bills without adding a bank account or linking a card payment.
So, how do you use crypto to top-up your mobile phone? What benefit does it have on your finances?
Topping Up With Cryptocurrency
To begin using cryptocurrency to pay your phone bills, you need to have a crypto wallet. Unfortunately, not all wallets support mobile recharge, and some wallets require a cumbersome procedure to use the top-up feature.
However, interestingly, you can seamlessly pay your phone bills using Cwallet mobile refill. It is easy, simple, and convenient.
How To Use Cwallet Mobile Refill
It is simple to get started with Cwallet. Unlike other wallets, you do not need to go through a lengthy registration or KYC verification process; you only need to add your mobile phone or third-party sites such as Twitter, Telegram, Discord, and Reddit.
You can access the Mobile Refill feature immediately when your Cwallet account is created, and with just a few clicks on the Cwallet dashboard, you can instantly top up your mobile. It is simple to use, quick, and free!
So, What made the Cwallet mobile refill stand out?
- The mobile refill service is accessible in 40 countries globally.
- You can top up your account for over 40 prepaid mobile network operators.
- There are over 380 cryptocurrencies that I can use for the transaction.
The best part about using Cwallet is that it is completely free! This means there are no hidden fees, no free processing, and no need to link cards. There's no better way to save money on your phone bills than using Cwallet mobile refill to pay your phone bills.
Cwallet: The Multi-functional Crypto Wallet
It's interesting to note that the Cwallet mobile refill is just one of the many tools offered on the platform. You can do a lot more with Cwallet.
Cwallet is a unique cryptocurrency wallet that combines custodial and non-custodial features. With the help of this combined on-chain and off-chain wallet, you can manage and trade over 800 cryptocurrencies in a single spot, providing security, simplicity, and flexibility.
The Cwallet meets individuals', and enterprises' complex crypto needs through a range of features such as the tip code, airdrop game, giveaway tool, mobile refills, bulk payment, request invoice, payment button, and so on. It is more than just a cryptocurrency wallet where users may send and receive funds, buy and sell, or hold and swap cryptocurrency.
Cwallet lowers the entry barrier for crypto usage as you can instantly create a cwallet account with your mobile number or third-party networks such as Twitter, Telegram, Discord, and Reddit to save money on transactions and taxes on your daily expenses.
In addition to the mobile top-up feature, Cwallet provides:
- The most recent and lowest transaction rate
- Real-time information on the current asset value
- A giveaway tool that allows all Cwallet users to create a giveaway with their own set of rules and regulations.
- An exclusive bot that allows users to send/receive tips and airdrops and set up referral programs on many social networks, including Telegram and Discord, gives the most straightforward and convenient way to manage crypto assets across your social platforms.
Indeed, Cwallet is a multi-functional interactive cryptocurrency wallet. The only wallet you'll ever need for almost all of your crypto needs.
Cwallet does not charge any deposits, withdrawals, and token swap fees. Therefore, using Cwallet is absolutely FREE!
So, what are you waiting for?