PayXpert: SMS payment systems

Diego Katzman

Diego Katzman
Published 08/02/2021 · 3 min read

We're about turn the page on the calendar and we didn't want to do that without talking to you about micropayments. We have a year ahead of us full of innovation, growth and a lot of e-commerce. At PayXpert, we are committed to the eCommerce universe through a single platform to accept payments anywhere and on any device.

Today we will focus on a different method that has gained popularity in recent years and that has emerged to meet the need to buy products over the internet. Let's talk about the SMS payment system!

 

What is an SMS payment?

In the midst of the tremendous digital payment ecosystem built up over time, there is a system that has emerged to meet the demand for products and services over the Internet. We are talking about micropayments. And within these, we include payments by e-mail or SMS. It is a solution that is very much in demand by companies to monetise digital content and services. SMS Pay charges the user for the cost of sending or receiving a Premium message and is a solution designed for micropayments from the mobile phone. The way it works is very simple:

  • The user sends an SMS with a keyword to a code that is given to him.
  • He receives confirmation of the payment.

And in the meantime, users subscribe to receive a regular SMS in order to pay for a digital service, which is known as MT billing or message reception. Without a doubt, this payment system is very beneficial for sellers and buyers, as it is a much faster process, no bank or credit card transactions are needed and it is totally anonymous.

At PayXpert, we rely on SMS payment systems tailored to the needs of consumers.

 

PayXpert: payment platform for eCommerce

Our payment platform includes over 100 different, alternative and available methods and 180 currencies in processing. If you want to accept payments from customers anywhere in the world, the PayXpert payment gateway may be the solution you're looking for. Thanks to our network of banks and alternative payment providers around the world, we can offer you the best combination of solutions to improve your customer satisfaction and conversion rate.

The gateway, along with our central dashboard and Connect2pay payment page solution, are the result of years of experience in the payments industry. Not only will you benefit from innovative technology, but we'll help you improve your conversion rate while keeping you safe from chargebacks.

SMS payment is a highly demanded systems by companies and consumers, but we don't want you to stop there. You can choose from multiple payment methods, so that if a transaction fails, you can turn to another option to significantly increase your business’ conversion rate (known as cascading).

There are two common apps when it comes to applying Pay By Link: payment links and buttons, but how can you easily integrate them into your e-commerce website?

  • Through SMS, email, social networks or chatbot (i.e., any messaging app). The customer receives a link from some applications to be automatically redirected to a secure payment gateway. And you can set a limited or unlimited time. 
  • Billing by email. Imagine that your company offers B2B (Business to Business) services and you need a billing program. With Pay By Link technology you could send an email where the client only has to fill in his company details.

In addition, you can also redirect leads directly to the checkout page thanks to the buy button placed on your eCommerce page. The main advantages of applying Pay By Link and receiving SMS payments lies mainly in simplifying the payment process, the possibility of making payments in real time, offering a more modern image, increasing online sales, and the security and reliability of eCommerce.

At PayXpert, we pay attention to the security of transactions. 3D Secure is a security protocol not only adopted by major banks, but also by card providers and cardholders, who must specify a password or accept confirmation by SMS from time to time. We find different suppliers, such as:

  • Visa. It uses Verified by Visa.
  • Mastercard. Mastercard SecureCode.
  • JCB. J/Secure.
  • American Express. American Express SafeKey.

The different levels of adoption and implementation can vary significantly between markets and countries. Therefore, a more specific implementation of 3DS in your payment stream.

 

Conclusions about micropayments

Accepting payments across all sales channels is no longer a dream but a reality thanks to PayXpert. Mobile phone payments are certainly the future, but almost all current systems for making payments are linked to a credit or debit card. As time goes by, there are more solutions emerging to be able to buy products or services through the Smartphone with a simple SMS.

Can you imagine how easily you could receive payments from your customers? Doing so via SMS is a simple task thanks to professionals in micropayments. However, it is not the only one, we also find payments by email. In the case of Gmail, for example, it allows you to send money to any email address. All you need to do is open your account, click on compose, enter the address of the person you want to send the money to, add a subject, click on the $ icon, enter the amount or payment method, and click on attach money and send. It's that easy!

If you have any questions about the SMS payment system, please call us. We will help you build the business you dream of and answer any questions you may have about payment methods for the present and future.

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