Premium rate SMS and voice telephony offer a convenient means of collecting charges for small transactions, such as:
Micropayment does not require customers to give out their credit card information, which they would often be reluctant to do. It provides maximum security to the seller, too: the price is immediately charged to the phone bill of the customer.
With TeleMedia's simple and yet robust solution you can start selling your content within a couple of hours/days. No major updates are necessary to your existing web technologies.
A further advantage is that being big, TeleMedia can usually negotiate better payout rates with the telcos. That is, even though we'll charge you a small percentage for each transaction, in the end you'll probably profit more than if you had contracted with the telcos directly.
IVR offers single a payment mechanism for single transactions, while mobile terminated billing makes it possible to operate continuous, subscription based services using SMS.
