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Thursday, January 17, 2008

Premium Rate Phone Charge - Great Services At Premium Prices

By David Smythe

This article will elaborate on the prevalent Premium Rate phone charges. The article will also outline how best you can use Premium Rate Phones to derive business. Premium Rate numbers are special phone numbers that are offered by different Services providers to offer specialized Services.

The medium of offering the services can be either your telephone, Internet or Interactive TV. ICSTIS the regulatory body of service providers in the United Kingdom has specified per minute rate calls made to Premium Rate numbers, but service providers top up other charges upon that to generate revenue. The charges that are usually charged for Premium Rate numbers are between 10p per call to 1.50 per minute.

As customers of Premium Rate Services, we can benefit from the many options that these services offer. They include things like horse racing tips, weather information, adult chat lines and financial information. As technology rapidly advances, we find that there are many ways we can call up Premium Rate numbers.

Skype is one of the top Voice Over Internet Protocol providers. This company offers a service where customers can call Premium Rate '09'numbers in the UK from across the planet. One hundred-seventy one million registered Skype users have been offered these services.

Charges for making these calls vary. They start from 29p on up to 1.73 per minute, depending upon the service provider at the receiving end. As many of us know, Premium Rate calls cost more than normal land-line rates. Skype promises to inform customers of this fact with voice prompts. Incidentally, Skype has also announced that an amazing 500 million customers have downloaded the new package.

Premium Rate Services have become quite popular in the United Kingdom. Another provider, Ofcom, indicates there are 40000 operators of Premium Services at this time. The total revenue generated from these services is approximately 1billion per year.

The opportunities for Premium Rate providers are huge and if quality services are offered with effective advertising, then a provider can cooly make around 60000 per annum. The Government is keeping a constant eye on the Premium Rate operators because there are constant scams that take place.

In recent legislation, Premium Rate Service providers offering quizzing services will need a lottery license to offer their product. The many quiz contents being offered on Premium lines have become a subject of controversy and the Premium Rate providers have come under the scanner. The new legislation will come into effect from September this year. Getting the lottery license will also be tough as the promoters of the company will come under the scanner.

While it is relatively easy to become a Premium Rate services provider, it is important to run your service legally. If a person violates the rules, ICSTIS can and will forbid individuals from offering these services for periods of time. Plus, ICSTIS posts the names of these people on its website in order to make it difficult for them to continue doing business.

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