Postpaid refers to a service, typically related to telecommunications, utilities, or other recurring expenses, where payment is made *after* the service has been utilized, based on actual usage or a predefined rate. Unlike prepaid services, which require payment in advance, postpaid systems involve receiving a bill summarizing the charges incurred over a billing cycle. This arrangement offers flexibility and convenience as it avoids the need for constant top-ups or upfront payments, allowing users to consume services and settle their dues later. It is often associated with credit checks and contracts, guaranteeing providers compensation for services rendered. However, a late fee, which may occur depending on the payment terms, is likely a consequence if payments are not made by the required date.
Postpaid meaning with examples
- Sarah opted for a postpaid mobile plan offering unlimited calls and data. At the end of the month, she received a detailed bill reflecting her usage, including data consumed and calls made. She then made a single payment to cover all charges. This allowed her to use her phone without worrying about running out of credit. Plus, she did not have to spend time monitoring usage every time.
- The homeowner chose a postpaid electricity plan because of her unpredictable energy consumption habits. Each month, the utility company measured her kilowatt-hour usage and sent her an invoice. She could comfortably manage her budget and avoid the restrictions of a prepaid system, which would have required her to load funds to use the electricity.
- Businesses frequently employ postpaid internet services for their consistent and high-speed requirements. This ensures uninterrupted connectivity without the need for daily recharges or top-ups. Monthly bills enable the accounting department to easily track and manage the expenditure, ensuring that the business can keep up with customer's demands.
- When traveling abroad, a postpaid roaming plan offered by the mobile carrier allowed John to stay connected and utilize his phone's services overseas. He received a bill with detailed international call costs and data usage. He paid the invoice at the end of the trip. It provided the benefit of continuous services and avoided the need for any complicated procedures.
Postpaid Synonyms
billed charged after use credit-based delayed paymentPostpaid Antonyms
advance payment cash-in-advance pay-as-you-go prepaidPostpaid Crossword Answers
7 Letters
PREPAID