What are SMS Payments?
SMS payments, or Pay by Text payments, are a means of paying for services or goods via a mobile phone text message. The customer typically receives a text prompting them to initiate payment via a website interface or additional text messaging.
Almost any business that takes payments for goods or services can realize operational costs savings and an uptick in collected revenues by choosing to accept payments by text message.
Businesses can initiate SMS payment texts in a batch mode via file upload or by using an SMS Virtual Terminal.