biggi, premium sms is a cvery popular way to bill people that want acces to a (pay site)...
IE:Instead of pulling the creditcard they take the mobile phone send an sms to a premium number and get an sms back with their username/password. instead of the normal rate (whichis €0.15 here in belgium) they are being charged somwhere between 0.5 and a max of €2 for the sms (those are the rates for belgium don't know for other countries). The company that own the premium sms number gets a % from the mobile network.
It could also be used for subscriptions. So they send an sms once and receive 1-2 SMS each day at a premium rate untill they cancel their subscription.
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