In today’s world the concept of non-coin based currency is not new. It is only recently that the technical support for such systems has become widely available. Technology has given a new dimension in the way payments are made with the introduction of Premium Phone Billing. JunglePay took the initiative, and with the help of highly experienced workforce developed an application that enables merchants and consumers to use the premium phone payment option as an alternate to other payment methods, as the business needs the capability to compete in the global market in every aspect.
Premium phone billing allows content providers as well as service providers to charge for low cost items via SMS and phone using premium rate and credit card. It is an ideal way to pay for low value items such as web services, videos, mobile content, downloadable software, online subscriptions, movie tickets and much more. In the SMS payment method the customer has to send a message to a premium number and in reply the customer gets the pin using which the customer can access the services or make the purchase, whereas in the phone payment mode the customer has to dial a premium number and in return gets the access to the services. It even allows merchants to sell goods to customers without credit cards.
Why Premium Phone Payments are gaining popularity?
- It’s a great way to convert your traffic into cash.
- Very easy to start, easy to collect payments.
- Almost everyone has a mobile phone now, giving it a very wide reach compared to payment via credit cards.
- Additional payment option to reach more customers.
- Purchases can be made without any registrations.
The Premium Phone Billing method was used by the gaming and the dating sites in the beginning, but now its gaining popularity among other sectors and is also being used for selling other physical goods and services. Previously it was difficult to blend this payment method with the websites, but with the introduction of billing application by JunglePay this method is now favorite among the merchants and the customers. The application widget can be easily integrated with any website and is compatible with all the browsers. There is no coding work required by the merchants as everything is packed in this application.
Customers who are not comfortable sharing their credit card details while making online purchases, JunglePay’s Premium Phone Billing is the solution that will provide them with a sense of security. Moreover it is an excellent alternate payment method if anyhow the customer’s credit card is denied. The mobile industry is growing rapidly both domestically and internationally. SMS and messaging advertising volumes are up above 30% per year. In a recent survey, approximately 90% of American cell phone users prefer to download data via the mobile platform over their computers. The introduction of the mobile phone has forever transformed communication. This demonstrates the strength and potential new markets for mobile content and billing.