October 28, 2010

AT&T’s Direct Pay from your Mobile Phone service

AT&T is trialing a service that will let users pay for goods using their mobile phone number (via GigaOm) with BilltoMobile, Boku and Zong handling the backend processing.

For merchants, the processing fees are too high as compared to credit cards or Paypal mobile’s 5 percent + 5 cents fees

For users, it offers convenience but also the potential for abuse.