Agile Payments Blog

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SMS Payment Provider

May 13, 2019, 3:25:07 PM

SMS Payment Provider | Pay by Text Provider 2019

SMS payments (or “pay by text” payments) provide customers the ability to pay for services or goods via a text message. The customer receives a text that prompts them to visit a secure webpage and initiate payment.

SMS stands for Short Messaging Service. An SMS Payment Provider allows

SMS PaymentGateway

businesses to initiate outbound texts to customers with the ability to then take payment pay from the text. SMS Payment Providers offer the ability for businesses to:

  • Text payment reminders to customers
  • Take payment via the phone typically using a secure web page

Businesses are now waking up to the fact that paying by text offers benefits to both consumers and the business itself. With both open rates and read rates above 95% it’s easy to see why SMS Payment Provider Solutions have become such an attractive customer billing option.

Your customers will appreciate the convenience of 10-second payments and your business will benefit from fewer delinquencies and shortened payment days outstanding.

What to Look For in an SMS Payment Provider

PCI compliant SMS payment solutions are just part of the solution. Here are more features to look for in your SMS Payment Provider and SMS Payment Gateway partner:

  1. Self-service: Set message content, reply logic, fail-over options and payment gateway integration without any code: no need for managed service charges or change fees.
  2. PCI Compliance: SMS is not typically a PCI compliant channel. The solution is to send trackable links to custom micro sites that securely gather credit card data via smartphones.
  3. Stored Payment Methods: For recurring payments, the ability to offer stored credit card details provides a simple and fast billing option.
  4. Redundancy: IVR voice or automated emails should SMS delivery fails or if payment fails. SMS is an extremely
  5. Network quality: Chose an SMS Payment Provider partner with high quality connections and that specializes in business uptime and quality.

To get started leveraging the benefits of SMS Payment Provoder Solutions Contact us today

 

 

 

 

Topics: IVR Payments

Wayne Akey
Written by Wayne Akey

Wayne Akey works collaboratively with SAAS providers whose clients have recurring billing needs to create innovative payment solutions and new revenue streams. He has partnered with dozens of software providers to create integrated payment solutions that solve recurring billing problems and generate significant recurring revenue. He has experience in: ACH Processing | Payment Partnerships | Payment Gateway Integration | Credit Card Decline Mitigation | Payment Aggregation. Wayne is the author of “Explode SAAS Revenue by 84%: A Guide to Geometric Growth using Integrated Payment Processing”. To learn how your software application can become a billing solution for your users as well as generate additional revenue streams, contact Wayne today at wakey@agilepayments.com. We guarantee you will learn how to improve revenue per client by at least 10% or we will donate $500 to the charity of your choice.

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