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In Australia we have just got premium SMS services. It is currently capped at $5 per message. I have looked into the options and the payout rates here are just bullshit. For a $5 message the largest payout is about $2.70 per message on the Telstra network. The lowest payout is $1.31 per message on Vodafone network which equates to about a 74% transaction fee.
One good thing about SMS is that there is very few regulations in place as yet.
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