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Premium Billing
SMS payment — is a mobile-based billing method which enables the customer to pay for merchandise and services by means of SMS sent to a special short code. Such a service is called Premium SMS (PSMS) and the price of such a message is higher than of a regular one and is billed to customers’ mobile account.
Premium SMS (PSMS) is the most flexible billing interface on the market today. Offering the broadest support for operator billing, PSMS provides the perfect solution for delivering text-based campaigns to mobile subscribers worldwide.
Premium SMS services can be categorized in following two ways :
This short code has a price higher than that of regular short code. These are generally used to get access to one-time digital content download from operator network or as advertised on a web site.
These short codes carry a regular fee attached to it but facilitate a charge according to a billing logic as defined by payment gateway. These are primarily used for subscribing to content and/or services recurring in nature; for e.g. News services, recipes download via SMS etc.
PSMS billing for two-way messaging services is seamless and almost instantaneous.
PSMS is the most widely supported interface for operator billing. It can be used for text-based campaigns as well as in-app or web billing.
Research has shown that consumers are less willing to use their credit cards for small payments, but are eager to be billed via premium SMS. With PSMS, there is no possibility of card fraud, as credit/debit cards are not involved.
Interested in seeing how our product can work with your business strategy? Get in touch to find out more.
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