There is a fair amount of processing bounty by telcos -- a small percentage per transaction -- that comes from the payment service to younger customers who don't have credit cards or bank accounts. For each dollar of the mobile billing transaction, 85 cents goes to the merchant, leaving the processor and the carrier to divide up the remaining 15 cents. That compares to the 2% to 5% fee credit cards take or the 30% outfits like Facebook keep in Facebook credits, the virtual currency used in games like FarmVille.Klebe says the average transaction is between $5 and $15 with a monthly maximum of $25. BilltoMobile's biggest merchant partner is Nexon, an online video game shop.
AT&T, Verizon Square Off on Mobile Pay
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