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The Premium SMS payment: the purchased value is simply added to your monthly bill of your telecoms operator or deducted from the amount on your pre-paid card. Not so clunky.
I don't know whether that will be the case because they will get less money under operator billing. Even though Nokia will give developer 70% but that is net of operator charges, which is between 40-50% (depending on the app price) according to the Ovi Store publishing terms. So that's only 35-42% to the developers.
We have an app (rseven.com) waiting for QA approval to be published at Ovi, its a slow process.