The type of Premium rate numbers that this blog pertains to are the ones which start with 0906/0908 and so on, the type that usually cost anywhere from 60 pence to 150 pence per minute to call.
These types of premium rate numbers are regulated by PhonepayPlus and are sold online by various premium rate number merchants. The cost of these numbers can range anywhere from an eye catching £24.99, to well over a hundred, and in even thousands of pounds in some cases.
When you purchase your premium rate number, you are usually given an online account. You can use this account to monitor how much money your premium rate number is making (if any). The amount of money you make from each premium rate number depends on the rates set by the premium number rate merchant. The vast majority of premium rate number merchants that I've come across have their rates set at about 50/50, that is, if your premium number costs £1.50 per minute to call, you will receive 75 pence per call and they'll keep the rest.
So, for the average Joe, with a view to making some quick cash, 25 pounds seems like an irrefutably good punt. After all, if I'm using my premium rate number to charge my customers £1.50 per minute, and I'm therby entitled to half of that figure then, surely, I'm on to a straight-forward winner, right?
Wrong, because, as with most cases which involve making money - things are never usually straight-forward. This case is no different... having browsed this site that was selling singular premium rate number packages for 25 pounds, I was almost about to part with my cash up until I had read the terms & conditions thoroughly (something that you should always do!!!!) to find a few shockers.
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