Text SMS Payment Solutions | Pay by Text2Pay Payment Solutions
Text2PaySMS payments (or “pay by text” payments) are a means of paying for services or goods via a mobile phone text messages. The customer typically receives a text prompting them to initiate payment via a mobile payment, invoice or VT Cards/ACH website interface payment or additional text messaging.
- The merchant can accept payments from any of the billions of mobile phones capable of texting worldwide.
- Easy to use
- Improved customer satisfaction.
- Instantly access a powerful payment tool with your customer’s cell phone number (information most likely on file).
- Merchants can receive payments from customers without a bank account or credit card.
- Customers that would have otherwise not been reached.
- Can build upon customer loyalty through:
- SMS marketing messages
- Merchants no longer need to worry about:
- Verifying customers’ identities
- Chasing payments
- Cards being denied
- Reduce the number of late payments and collect receivables faster.
- Remove human error from manual processing.
- Avoid data input mistakes (e.g. card and checking account numbers)
- Motivate more customers to go paperless.