prepaid service

Advance-payment plan

A prepaid service is one you pay for before using rather than after.

Mobile phone plans commonly work this way—you buy minutes or data in advance, then draw down that balance.

The model appears across industries: prepaid legal services, prepaid funeral arrangements.

Prepaid service appeals to those who want predictable costs or can't qualify for credit-based billing.

Related

top-up · credit · phone card · SIM · burner · burner phone · voucher · airtime · activation · carrier · mobile carrier · unlimited · data · refill · debit · card · gift card · cellphone

Opposites
payment timing

prepaid servicepay-as-you-go

Immediate settlement required

commitment structure

prepaid servicesubscription service

Recurring payment for access

monthly billing · service agreement · monthly plan

credit extension

prepaid servicecredit account

Arrangement to pay later

open account · charge account · deferred payment · buy now pay later

Family

prepaid, service, prepay, prepaying, prepays, paid, paying, payer, payers

Familiarity
Top 200,000
Profile
Known to kids · Used worldwide · Timeless · Everyday, not technical · Rated G