Pay by Text is a convenient solution to allow your business to accept payments via text messaging. In addition, your business can send out texts with payment reminders, receipts, confirmations, and alerts. Over 60% of consumers complete financial transactions using their mobile phones, which makes paying by text the perfect solution.
Payments sent via text use a secure SMS payment gateway. SMS stands for Short Messaging Service, which allows your business to send customers that have opted-in text prompts to initiate bill payments. Customers can respond entering their debit card, credit card, ACH or previously used payment information. The SMS payment gateway securely processes the payment and instantly sends the customer a receipt.
Pay by Text Helps Customers Pay On Time
As solution for paperless billing, customers can easily opt-in to receive texts with due dates and balance information. Text reminders sent via SMS help customers make payments on time and reduce late payments. SMS payment alerts can also be used to let customers know when bills are past due. Overall your customer's satisfaction increases with the most convenient way to pay their bills from anywhere and at any time.
Pay by Text is a secure sms payment gateway that uses PCI and regulatory compliant (meets CFPB and FCC guidance) technology. Payments made through the sms gateway are secure and use hosted tokenization to protect your customer's payment information.
Pay by Text Features
Pay by Text is a sms payment gateway that allows your customers to pay via text message. This new sms payment gateway offers a comprehensive experience built on the PaymentVision Text Messaging Platform. Pay by Text is an interactive text messaging workflow that provides the following key features:
Subscription Management and Device Detection
SMS Payment Alerts, Reminders and Notifications
Make a Payment Functionality within the Text Message
It's no secret that most people prefer text/ SMS to phone calls. By offering a pay by text message service, your company gains a distinctive edge over competitors who still require customers to call to make payments or do business. Plus, the ease-of-use with Pay by Text can help improve on-time payment frequency among your customer base.
Improves customer satisfaction by providing a convenient way to pay
Reduce the number of late payments and collect receivables faster with custom SMS alerts
Does not require additional staff to implement
An excellent payment solution for entities such as utilities, municipalities, automobile dealerships, collection agencies, nonprofit organizations, and more!
How Pay by Text Works
Customer opts-in to receive text messages from your business regarding their account information
You can send pay by text prompts, and other types of messaging, to customers with outstanding balances
Customers respond to the text to initiate payment using information they have securely stored in their user profile
Within seconds, customers receive a reply text confirming receipt of payment
Request information from one of our payment experts to create better payment experiences for your business.