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SMS billing enables to pay for merchandise and services by means of SMS being sent out on a special short code (short number). Such a service is called Premium SMS (PSMS) and the price of such an SMS is higher then of regular one. The SMS payment is billed to consumer's mobile phone account.

This is very new to the internet and will have advantages as

Customers that haven't got credit card can buy online

Set up a Competition website

Be able to take smaller amounts as payments

Sell Mobile Cellphone resources as wallpapers,ringtones and Mobile Scripts online 

Short Codes opens up a huge market that could not trade on the internet.

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