micropayment

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micropayment

An electronic commerce transaction of very low value. It may refer to charging just a few cents or even a fraction of a cent for a transaction such as an information lookup. It may also refer to aggregating several small-value purchases and charging a credit card at the end of the day or some other period for the total amount. See microcommerce.
References in periodicals archive ?
Unlike PayPal, Apple Pay, Amazon Pay and Google Pay, iMoneza specializes in these micropayments under $1," the company said in a statement.
Publisher partners using CointTent micropayments alongside subscriptions are seeing 2-5 times as many paying viewers; and are seeing 1-click spend rates of 55 percent.
Since the customers are invoiced regularly, micropayments can be easily added to the bills, and any third parties (such as banks) are not needed to facilitate the transactions or invoicing.
New analysis from Frost & Sullivan on Opportunities in the Micropayments Market finds that the growth of micropayments solutions will be driven by the usage of pre-paid, contactless, and mobile payment solutions.
Dragonpay brings micropayment processing to mainstream e-commerce through its online payment services.
As recently as February, the general manager of Microsoft's anti-spam group, Ryan Hamlin, was touting micropayments as one of several "strong challenge[s] to spam".
Two years ago micropayments systems were seen as the way of the future for the Web, but many of the companies that set up systems have one by one gone into liquidation.
Trouble is, micropayment systems also have to deal with a lot of nasty and expensive customer service problems.
Based in the Netherlands, Zaypay is a profitable mobile micropayments business that launched in 2006.
s technology is expected to reach far wider than micropayments.
It defines micropayments as transactions that take place online or on a mobile, are paid in real-time or deferred and deliver a virtual good instantly.
This VRL report looks at the key drivers and future prospects for micropayments.