What is Text to Pay?
Text to pay, also known as SMS (Short Messaging Service) payment, is a payment solution that allows consumers to make a payment via texting on their smartphones. With this payment method, your customers send out a text to their client’s phone stating they can make a payment and have the option to text back “yes” to complete the transaction. This process makes for a seamless experience for both your customer’s business as well as for their clients.
Benefits of Text to Pay for Your Customers
- Quickness – Businesses are now able to set up a system where they can automatically send payment options. Then their clients can easily access and confirm or deny the payment with a few taps of a smartphone.
- Convenience – Many business professionals prefer texting to other messaging platforms due to the speed and ease of use of a text message. There is no longer a need for clients to call the business to make a payment or pay online and re-enter their card info.
- Efficiency – 91% of all U.S. citizens have their mobile device within reach 24/7. This means a person will most likely view their payment reminder much quicker than with another messaging channel, reducing overdue bills and speeding up the time for businesses to get paid.
Paying via smartphone is quick, efficient, and cuts down on late bills. Text to pay is increasingly becoming a demand for almost every industry. Adding text to pay to your technology stack can help you to stay competitive and provide an additional layer of stickiness to your solution.
Improve your Brand’s Customer Experience
With ModernPay, your customers can opt-in to receive text messages for receipts, recurring payment alerts, and more.
Easy & Ecofriendly
Our fast and seamless SMS payment processing works just like a regular text message. Give your customers a “paperless” option that’s easy to use.
Secure
Payments are tokenized and processed safely