Learning how to accept SMS payments for merchants is a pretty simply process. SMS (short message service) is a super easy way for customers to make purchases at their favorite stores via text message. As text messaging technology becomes more and more prevalent among consumers, it is important for merchants to consider making this an option to help gather more customers that are willing to pay for their purchases through SMS messaging. If you want to run your business smoothly and efficiently, learning how to accept SMS payments for merchants is a great way to take that step. All it takes is to set up a PayPal account and use the online transaction medium to facilitate payments. Using your website or blog, you can instruct your customers how they can spend money to purchase your products and services by purchasing via SMS message throughout their PayPal accounts. If set up correctly, this is a great way to accept payments quickly and easily thorough a safe and secure online medium for both you and your customers.
How to Accept SMS Payments for Merchants:
To start, you are going to need to make sure you have a PayPal account set up. This is free and easy to do if you haven’t done so already. Through PayPal, you can both send and receive money as the Internet merchant. This means you can also do your own online shopping through your PayPal account. When you are setting up your PayPal account, you can fill out the forms to reflect your merchant account or business information. You can customize your own PayPal account according to your own settings. PayPal is also really handy because you can link your PayPal account directly to any of your bank accounts. This means when you get paid from a customer PayPal will deposit that amount into your designated bank account. However, it does take a few days to set this up because you will need to verify your bank account.
Once you have followed all of the other steps to set up your PayPal account, you can go ahead and link your PayPal account to your mobile phone number as well. This is the most important step so you are able to accept SMS payments for merchants. Click on the “profile” link and add in your phone number in the “add or edit phone number” link. Once you get to this point, add in your cell phone number you wish to use and click the link button to make sure they are connected to your PayPal account. You will then need to make sure and confirm that your correct number is set up properly by pulling up the text message that is sent to your phone upon signup. You will need to type in the code you received via text message to your PayPal account.
Receiving Payments Via SMS Message:
On your blog or website, you are going to need to make sure your customers know that paying for the products and services on your website can be done via text message. You will need to instruct your customers on how to send money so you will be able to receive it through SMS message. In order for them to do this, they are going to need to have an active PayPal account as well. All you need to do is make sure your customers have the phone number you wish to do this transactions the rough so they can send it to the correct account. Now, they will allocate the correct amount owed through their own PayPal account. They can also send any message they want to make sure and confirm the amount has been sent. If everything goes smoothly, you will see the SMS message on your phone indicating a payment has been made to your PayPal account. If you have a smartphone and are able to access the Internet via your phone, you will be able to make sure the transaction goes from your PayPal account into your bank account.