---- Micropayment site. What payment system should I use?
Demaestro - 10:47 pm on May 31, 2010 (gmt 0)
It's a shame that paying via SMS isn't a popular option in the US. So far, this is the closest to reality (but really expensive) way of collecting micropayments from people.
The reason this hasn't caught on is the fees are outrageous.
I run and manage several SMS campaigns and in most cases you are lucky to get 50% of the total charged.
The wireless companies take about 49% of the money to cover billing and collection costs. Since the wireless companies do all the billing and collections the charge back rate tend to be very high, usually the Telco's customer service agent's first offer when someone calls to inquire about a charge on their phone bill is "I can reverse the charges for you"
They never ask, did you receive goods or services, they just offer to refund right out of the gate. This is known as "on deck billing" and I have done 2 SMS on deck billing campaigns and both of them we got less than 50 cents on the dollar back.
Honestly, you all should be looking at Bitcoins, I really think they are going to be the next "little" thing.