One feature that the iPhone is known for is its Visual Voicemail. However, PhoneTag is now offering its new service that is sure to please iPhone users. In fact, our sister site, SlashGear recently tested the service on an iPhone 3G, and what follows is how the device faired.

The PhoneTag service makes it so your voicemails are forward to their system to be transcribed into text to be sent to you via SMS or email. This way you can read your voicemails at your own convenience. The system was rather accurate and only really had trouble with unusual names or when a lot of wind noise interfered with the recording.

Most phone systems can use the system and there are two main plans available including a $9.95/month plan that includes 40 messages and a $29.95/month plan that allows for unlimited messages. The pay-as-you-go plan makes it so you only pay for the messages you use on the service at a rate of $.35/message. PhoneTag was rather impressive and will no doubt serve as a serious competitor to Visual Voicemail.

[via SlashGear]