Monday, February 1, 2010

Text messaging: One of the biggest ripoffs around

Ever wonder if you're getting a good deal with text messaging?

It turns out its one of the worst deals as far as markup that cell phone users can get.

It costs a cell phone company approximately 1/3 of a cent to transmit a text message. If you are on a pay per text plan of 20 cents for an outgoing message and 10 cents for an incoming message that is a 6500% markup!

Even on an unlimited text plan it costs nearly nothing for overhead for cell phone companies. So its still a high profit margin item.

The cell phone companies say they use the money to invest in new technologies. So, if that's the case, then when something new comes out it should be cheaper!

Maybe its time to make more phone calls. At least you're getting more of your money's worth!