In a word, yes. If you want to have access to billions of customers worldwide and provide them with an easy, quick and secure way to purchase your product, then yes, you should accept SMS payments. If you want to accept micropayments, then definitely, yes, you should accept SMS payments. [...]
An SMS Gateway is a facility to allow the sending and receiving of SMS messages. SMS Gateways are maintained and operated by Mobile Phone Operators. An SMS Payment Gateway is a piece of code, an application, installed onto a web page by a SMS payment provider to enable businesses to [...]
United States of America In the USA most mobile phone operators, banks and developers are banking on NFC technology being the key technology to the growth of mobile payments. In the United States users can already use smartphones to pay for goods (Starbucks, MobilePay USA) or to accept payments for [...]
SMS payments are incredibly secure. This is the main point you need to emphasise to your customers, to reassure them that any SMS payment transaction will be safe for them. When you come to ask for payments via SMS remind them that because the customer doesn't need to enter in [...]
SMS Payments are one of the easiest and safest ways to pay for items. For the user there is no need to remember passwords or have access to their credit card or bank details; in fact, users don't need to have a bank account at all, which explains why SMS [...]
Regulations Governing SMS Payments Regulations governing the use and development of SMS payments vary from country to country around the world. Here is a brief guide to the main regulations for each country for which we have information. Note in most countries, but not all, adult and erotic content are [...]
SMS payments are a means of paying for goods, services or products via a text message sent from a mobile phone. They work like standard SMS or Short Messaging Service. With the SMS payment system purchasers send a text message to pay for an item or service. This text message [...]
Micropayments are financial transactions that involve a very small sum of money. PayPal defines a micropayment as anything less than USD 12, whereas Visa classifies anything less than USD 20 as a micropayment. Traditionally it has been difficult, financially, to recoup the costs involved in processing micropayments. With SMS billing, [...]
To protect consumers from unscrupulous companies, many countries have set up a regulatory framework to reassure their customers that it is safe to use any SMS payment provider registered with them and also to offer them a place where they can raise any concerns about SMS payments. The need for [...]
Being able to transfer money directly from one mobile phone to another is the attraction of person to person SMS payments, particularly in countries such as India and Kenya where most people don't have access to banks, or in other countries such as Japan, to enable foreign workers to send [...]