How to create an sms payment company for dumnies

[bibux225]

Hello, can anyone out there tell me how to create a payment gateway company please? Actually I'm at the ideas' stage and my real dream is to create an sms payment company but I have no idea on how to start and from where. Thank you.

[jpay]

Welcome aboard bibux225
I was just wondering if you have been using google to make some research on this topic as well ?

One important step to be clear of is that you will see a major difference in the payment gateway companies in what they process, for instant a payment gateway who process credit cards and ACH is different from a SMS payment gateway and has different requirements.

If you are into only developing a SMS payment gateway you will need to explore the requirements with the major SMS payment gateways like Ericsson IPX Mobile Payment System - Internet Payment eXchange - Ericsson or OpenMarket – Mobile Transaction Network – Mobile Billing – Premium SMS in order to come to an arrangement with them.
If you are into a credit card processing payment gateway I would highly recommend you to have a look at the PCI DSS Level Visa/ MC regulations which kills most ideas to start such a business, you will need plenty of money, staff and knowledge to start such a business, I would also not recommend doing this since you are here asking this question (which is okay no offend) it seems you are not acknowledging what it is you are entering.

[bibux225]

Thank you and I would say you're quite right. I know a little about credit card processing payment gateway but nothing about sms payment gateways. In fact, I'm a web developer and I created an encyclopedia especially for the universities of my country(south Africa) accessible after getting a code by sms payment and since many of the sms gateway companies don't offer their services for this part of the world, I was wondering if it was possible to set-up such a company there. I'm also planing to ask the phone companies there if they could not find a solution but at the same time I thought it would be rewarding to set-up a company especially for my country and allow other businesses already present there to register and sell contents online. What do you think about that?