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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.


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PlaySpan's patent-pending in-game virtual goods commerce and micropayment platform enables game publishers and developers to generate new revenues, acquire new users, and extend the loyalty of existing users.
Although micropayment systems were improving, Schmidt said, "the reality is that in this new model the vast majority of people will only deal with the free model.
Although micropayment systems were improving, Schmidt said, "the reality is that in this new model the vast majority of people will only deal with the free model.
 
 
 
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