Premium SMS: Mobile Payment solution for micropayments
This is the ideal solution for monetizing services and digital content. Users are only charged the cost of sending or receiving a premium message. This mobile payment method is one of the most commonly used methods for making micropayments.
Sending a Premium SMS
Users are only charged once when they send an SMS to a short code. This process is known as MO billing or mobile originator billing.
Receiving a Premium SMS
Users subscribe to receive an SMS periodically to pay for a particular content or digital service. This process is known as MT or mobile terminating billing and is usually used for subscriptions, where the user is charged until they cancel their subscription.
Advantages of this SMS Pay
Users can purchase quickly and easily
No accounts or passwords - purchases are anonymous
No funds are moved or credit cards required
Ideal payment method for large volumes of micropayments
Purchases can be one-off or continuous
Users send an SMS with a keyword, such as “CREDITS”, to a short code like 4321.
Next, they will receive an SMS confirming the payment, for which they pay the amount stated, which will then be deducted from their balance or phone bill.
Go4Mobility’s competitive advantage
- Global Connection
- Unique API
- Technical support
- Direct connections to operators
- Real-time reports
- 24X7 customer support service
