Carriers greed will block smartphones as payment devices

by SteveBayle on January 19, 2010

From Paid Content:

Right now, merchants must pay carriers a fee in order to use the phone as a payment method. Hirson said the fee can range between 20 and 50 percent of the retail price. After that, Boku also takes a cut (which Hrison says is in the single digits).

This makes Wall Streeters look like Mother Teresa! As the article points out these percentage might work for virtual goods in online games, but its a total non-starter for any other transaction. Why are the carriers so obtuse?

Anyone with a carrier out there care to respond?

http://paidcontent.org/article/419-boku-raises-25-million-to-expand-mobile-payments-services/

Posted via email from PostVerbela

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