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Why are text messages marked up 7314%?
The Consumerist asks why text messages are marked up 7314%:
Verizon and other cellphone companies mark up the cost of text messages by at least 7314% when compared to their rates for data transfer services.[...]
Bytes are bytes. What makes a text-message byte so much more valuable than a straightup data byte?
What is even more interesting is the fact that text messages, or SMS messages, are actually carried as the payload in SS7 switching messages that are being sent anyway as a necessity of the phone service, so there is actually no incremental cost at all to the carriers when text messages are sent.
Yet we still pay 10-15 cents to send a 160 character text message.
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