SMS billing is a form of payment service that is based on
the direct operator billing infrastructure. This method is
also known as reverse billing and it works via text messages sent by, and to,
the client’s smartphone. The price of the product is applied to the customers’ phone bill. Alternatively, it will be
deducted from their pre-paid account credit. The buyer must complete
authentication procedures for the transaction to be processed. This settlement
system is more appropriate for low-priced multimedia item. Usually fintech
firms and content developers collaborate to integrate SMS billing on their
website.
SMS
billing works via text messages
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