subject: The Alternative To Credit Card Payment [print this page] Technology has ushered in a lot of changes in the way we view something as simple as everyday billing. The increasingly popular mobile billing has harnessed the popularity of the mobile phone to the advantage of both the merchant and the customer. For the client, SMS billing offers a measure of cover and defence against fraud. To the businessman it means his money is not tied up in endless credit.
What Mobile Billing Means
Mobile wallet, as it is popularly called, is using your mobile phone to pay for a range of goods, services and mobile content. It uses a technology called WAP (Wireless Application Protocol) allowing you to buy mobile content etc from WAP enabled sites. Mobile content is any multimedia you browse using your mobile phone. How do you pay for it? Your purchase will be charged directly to your mobile phone bill. SMS billing also uses the mobile phone. Both these billing methods eliminate the use of cash, cheques or credit cards. If you are worried about phishing and identity theft, this is your answer to an alternative to online payment. You dont need to divulge your debit card or credit card information. All you need is a mobile connection with 3G or GPRS.
How Does SMS Billing/Mobile Billing Work?
Payment is made by choosing mobile billing from the list of options during check out. Authentication for mobile billing would involve a one-time password and a PIN. Your purchase will be charged to your mobile account. No tedious pre-registration procedures are involved. You dont have to create any accounts. Using Premium SMS billing (PSMS) is just as easy. To prevent merchants from taking advantage of consumers, a double opt-in method is used. You have to opt for YES when you get rate information text message during an SMS billing event. You receive a PIN via SMS. You have to enter this in the rate disclosure form. Only then will your mobile account will be charged.
An Excellent Merchant-Client Platform
Mobile aggregators bring to a single platform, different solutions like SMS billing, messaging, content, campaigns and payment. Both businesses and consumers alike benefit from this. The advantages of both SMS and mobile billing are mostly similar.
More and more consumers are attracted to the perceived reduction of risk, mobile billing offers.
For the businessman SMS billing can be a reliable and efficient way to recycling funds. It provides access to customers who are paranoid about using credit cards.
Even people under 18 can use this service. You dont even need a bank account to take advantage of SMS billing.
This new platform protects you from professional fraudsters who are after your credit and debit card details.
by: Ms.Laura Wilson
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