What Do We Do?
Premium Rate SMS
Premium Rate SMS (PSMS) is a simple way for consumers to pay for services and products via their mobile handsets. There is no need for time consuming registration or potentially unsafe credit card details being given; consumers are simply charged for sending and receiving a premium rate text message. A quick and convenient payment mechanic for donations and services payments. Ease and convenience differentiates PSMS vs traditional e-commerce payment solutions. High volume micro-payments, either for one-time payment instances or repeat (subscription based) payments requirements.
SMS payments are text based. They are processed typically through reverse billing i.e. by sending a premium rated text message to the purchaser’s phone and debiting the amount from the prepaid credit or charging it to the purchaser’s post pay phone bill in the next billing cycle.
SMS payments usually are considered a form of micro payments. These are used primarily for smaller value purchases or peer to peer money transfer. SMS payments are processed in real time and provide a cheap and convenient alternate to traditional payments mechanisms available under the formal banking channels where costs for micro payments are considerably higher.
Benefits To You
New revenue streams - Generate new revenue streams for your content and services
Simple way to pay - Premium SMS is an easy and quick way to make micro-payments. No need to provide debit and credit card details and no forms to fill in.
Long term revenues - You can use Premium SMS to bill for one-off payments or subscriptions, which provide long term revenues.
When implemented on our Engage Nomad platform our detailed online reporting system allows Oxygen8 customers to track and analyse consumer usage and buying habits. Used in conjunction with Premium Rate Voice services it is an easy and effective method of revenue generation.
Implementing Premium SMS on the Engage Nomad platform takes a matter of minutes, meaning that Oxygen8 customers can very quickly get more services up and running in response to end user demand. We handle millions of messages on its global network and would be very happy to talk to you about how PSMS could generate revenue for you.
- SMS voting
- SMS competitions
- SMS chat
- SMS alerts
- Mobile content such as ringtones and games