Nearly 75% of mobile phone users worldwide send text messages (SMS). This means that nearly 2.5 billion people have the ability to access and participate in a premium SMS payment technology. From a business standpoint, SMS payment solutions can increase your ability to provide the best services to your customers while increasing your potential revenue by deploying premium SMS services.
Commerce has been around ever since human civilization began and payment methods too have kept evolving with time. From the days of barter trade to the modern day money, man has continuously developed various methods of payment for goods and services on sale. Text message and SMS billing is one of the latest inventions which operates on a cell phone allowing users to pay for their goods and services through their wireless handsets. This is a simple yet effective and secure technology that requires you to have an account with your favorite SMS Billing service provider before you can transact business.
So how can mobile payment work for your business?
Mobile payment is a pretty simple process. All you have to do is to set up a payment gateway on your website using a script provided by the SMS billing service provider and then use it to sell or give access to content on your website. Your visitors send text messages to a specific short code (usually 4-6 digits) following specific instructions. If your visitors decide to make a payment, they will have to send a text message and their account with the mobile service provider will be debited a certain amount of money. When the user sends Premium SMS, the carrier will get its share and you, the website owner or seller, will get the rest of the amount. SmsCoin charges a mere 3-5% revenue from each message that your users send.
Evolution of premium SMS solutions
If you’ve been around, then you probably have noticed about the rapid advancement that technology has undergone over the past decade. The revolution of computers and communication technology has had a tremendous impact on life in general and how business is done in particular. This has made it inevitable for businesses to integrate these technologies into their day to day operations in their quest to boost their revenues. SmsCoin is one such technological solution introduced in the summer of 2006 by Aggregator Ltd Company with initially only two people involved. SMScoin has greatly shaped the future of transactions via telecommunication channel through their innovative and user friendly services.
Here are some of the services offered:
- SMS key
This is a universal PSMS platform that you can use for a web project of any kind and you can use it to provide your users with certain contents on your website which they can access after sending SMS with certain price set by you from a wide range of rates available.
- SMS donate
This is a fantastic service that you can use to collect donations for your website development purposes. You can never use this service to provide your users with any kind of service. It is a very simple SMS payment system ideal for those who are not tech savvy and yet can not afford to hire a programmer for their websites.
- SMS bank
This is a payment mechanism based on the concept of a “payment gateway” which is composed of a simple form stored in your website. When activated, your users initiate a transaction and are directed to the payment page, stored on SmsCoin servers. Once the user confirms the process they are taken back to your website. At any time, users can cancel the process if they so desire.
An as example, say you have a service that works on the basis of credits, an online gaming site (membership site). Depending on the number of credits, users can have access to various levels within your website. The more credits the higher they can access other levels. Users interested to do so can increase their account balance and add credits by sending funds to you via this payment gateway.
- SMS content
This is a service that allows you to sell links to download mobile content to a mobile phone through your website without having to participate in any affiliate program or invest in anything. With this service, you can generate additional revenue from your project by extending its functionality.
- SMS chat
With this service, visitors of your website can send text messages which are displayed on your website in real-time mode. Thanks to SMS chat, you can organize chats, SMS voting, inquiries, keep record of complaints and feedback and many other things.
- SMS transit
This is a service that allows you to work on all rates available in SmsCoin supported countries by defining all the aspects of work in your system on your own.
- SMS safe
With this service, you can simplify your customers’ payment process by accepting $30 payments in a single transaction. Better still, your users do not have to enter a password every time they are confirming a transaction.
There are two major benefits of subscribing with premium SMS services for your business. First, all payments and transactions occur in real time reducing time lost through such process as verifications as witnessed in other payment methods. Second, payment process is simple as all your customers need to do business with you is via a cell phone, something that has become part of almost everyone’s life. Your existing or potential customers do not need to have other forms of payment or credit cards to purchase from you. This is particularly interesting when you are interested in increasing you sales volume. Presently SMScoin supports over 80 countries world over, and counting.