API architecture differences
WhatsApp Business API is a modern REST API with Bearer authentication, webhooks for async events, and JSON payloads. SMS API is typically simpler.
The greater complexity of WhatsApp Business API is justified by additional features.
Rate limits and throughput
SMS API has per-number per-second rate limits. WhatsApp Business API has per-conversation and per-template rate limits with quality tier management.
For very high volumes, WhatsApp has more complex throughput limitations to manage than SMS.
When to choose WhatsApp vs SMS
Choose WhatsApp when: your target is primarily in Europe/LatAm/India where WhatsApp penetration is high, you want rich media communications, or you need bidirectional conversations.
Choose SMS when: you need universal reach, or your target has low WhatsApp penetration.