Become a Text2Pay merchant and get access to Billing APIs, reporting and more!
To put it simply, customers are much more likely to pay by SMS than credit card. Especially for smaller payments were they can instantly get their goods and/or virtual currency. Mobile payments are ideal for virtual goods or currency.
Most young people don't have credit cards or feel that paying with a credit card is unsafe or unsecure. That's why paying with a mobile phone takes away the stress about security. Not to mention how quick it is, so your customers can get back to having fun!
"Only 7% of users tend to visit a site and pay by credit card, but a massive 60% pay by SMS!"
Carriers usually take around 35% of all SMS revenue, while credit card processors take a 2% cut on average.
SMS payments enjoy a much higher conversion rate. So, you get a smaller percentage of a much bigger pie. Which means more money in your back pocket!