What is an SMS payment? SMS payments, otherwise known as Short Message Service payments, are a modern alternative to traditional payment methods—such as cash, checks, and credit cards—that allow users to pay with a simple text. It occurs when a purchase is initiated via SMS and completed on a customer’s smartphone.
- CM.com is proud to have been part of the Cordaid campaign with a completely new way of fundraising: SMS, mobile payments via iDEAL, and a chatbot for opt-ins. Read more Since the start, Mepal has been using CM.com's payment solutions to make online payments run smoothly.
- Fonix is a mobile payments and messaging specialist that enables companies to use direct carrier billing, sms billing and messaging technologies.
A new study shows that 54 percent of European consumers regularly use their mobile device to make payments. The number of consumers making mobile payments has tripled in the past year, as 18 percent used mobile payments to pay for goods and services last year.
That’s the main conclusion from Visa’s 2016 Digital Payments study, for which more than 36,000 online consumers in 19 European countries were surveyed. According to the payments company, consumer adoption of digital payments has shifted dramatically. For example, one year ago 38 percent of consumers said they never used a mobile device to make payments and had no plans to do so. This year, that number has dropped to just 12 percent.
Many mobile payments in developing and developed markets
The top ten countries in Europe where mobile payments happen most often can be divided into two categories. There are the developing markets, such as Turkey and Romania, which tend to leapfrog traditional payment methods to adopt new technologies faster, and there are the developed markets, particularly in the Nordics, where new technologies evolve at differing paces.
In the United Kingdom, 74 percent of the consumers surveyed are mobile payments users. And 43 percent of them buy high-value items on a mobile device as well as regular transactions such as paying household bills and bus tickets.
‘Future of digital payments has arrived’
According to the study, consumers in Europe are increasingly using mobile banking. It’s even for the first time that more than half of Europeans in all age groups are using mobile banking. “This data is a confirmation that the future of digital payments has arrived, with consumers across the length and breadth of the UK and Europe embracing a variety of new ways to pay”, says Kevin Jenkins, UK & Ireland Managing Director at Visa.
He added: “In Europe, we’ve recently seen Apple Pay launched in the UK, France and Switzerland, Samsung Pay has launched in Spain and Android Pay in the UK. We’ve also seen a new era of wearable payments: smartwatches, wristbands and even clothing. It’s clear that this trend will continue to accelerate, enabling consumers to choose the connected device that fits with their lifestyle.”
Read more about mobile commerce in Europe.
New Feature for SMS Payments in the UK
We are happy to announce a new and convenient way to pay for your RuneScape membership in the UK – a recurring SMS subscription using your mobile phone!
Jagex has offered one-off payments by SMS (text message) for many years. With our new Recurring SMS subscriptions it’s even easier: You make the first payment on our website, and then Jagex will automatically take a payment every month so you don’t need to remember to pay.
You can cancel at any time and, to keep you in control of your subscription, you will receive a text message a few days before each renewal to remind you of the subscription and ensure that you have enough credit on your phone.
There’s never been a better time to be a RuneScape member, so click here to log in and check out the payment options available to you today! We’re hoping to bring recurring SMS subscriptions to more countries soon.
FAQ
Q: How do I start a recurring SMS subscription?
A: Starting a recurring SMS subscription is easy: 1) click ‘Account > Upgrade your account’ on the RuneScape home page and log-in 2) Choose the ‘SMS’ payment option from Paymo, and then the recurring option. 3) Enter your mobile number to receive a text message. 4) Follow the on-screen instructions to agree to the charge. 5) You’re done!
Q: Where are recurring SMS subscriptions available?
A: Recurring SMS subscriptions are currently only available for RuneScape in the UK. We are looking at making this service available in other territories in the future, so keep an eye on the news.
Q: Can I have a recurring SMS subscription for other Jagex games?
A: Recurring SMS subscriptions are currently only available for RuneScape. You can still make one-off payments using SMS for other Jagex games where supported.
Q: I don’t want a recurring subscription, I only want to pay once.
A: Recurring SMS subscriptions are a convenient way to continue your membership, however if you want just one month you can instead choose the ‘1 month’ payment option under SMS.
Q: How do I cancel a recurring SMS subscription?
A: You can cancel via the Account Management section of the RuneScape website or by replying ‘STOP’ to the SMS messages you receive from Paymo.
Q: How much does a recurring SMS subscription cost?
A: Currently only available in the UK, a recurring SMS subscription to RuneScape costs £6 per month. This is the same cost per month as one-off payments.
Sms Payments Uk
Q: Why does membership paid by SMS cost more than by credit/debit card?
A: Our players are free to choose whichever payment option represents the best value and convenience for them. While credit/debit card is our recommended, best-value option – some prefer the convenience of paying by mobile phone. As the mobile operators charge a high fee for paying in this way, we pass this ‘convenience cost’ on.
Sms Payments Uk Ltd
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