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 ?
The announcement came just days after a profile of Canada's Winnipeg Free Press, which has been using micropayments as part of its paid digital-access strategy.
While micropayment systems have significant potential for bringing benefits to both consumers and merchants, few of the existing systems have been successful (See-To et al.
Overall, cash payments are decreasing in the region, and though they still remain the preferred means of payment, the emergence of micropayment solutions and products is fuelling the shift to digital money.
Dragonpay provides a micropayment solution for merchants selling these types of items.
The spokesperson added that: "The financial micropayment idea remains in a hypothetical stage for the time being as implementation challenges.
The problem with the micropayment systems that have in most cases so far failed, is that they have been cumbersome for sites to set up and link to and confusing for the end user.
In a world that already feels way too complicated, asking customers to make hundreds of micropayment buying decisions is likely to be a pretty hard sell.
Of course, in a market as underdeveloped as Internet micropayment technology, being smart is at the very least a full-time job.
To date the business has provided secure micropayment solutions to several hundred global customers through one secure easy to use platform.
Internet incubator CMGI Inc has picked up 80% of New York micropayment company Cha
No emerging micropayment payment processing service to date has been able to deliver the same complete set of characteristics to truly and completely address each stage of the micropayment experience.
The user experience is the best available - not onerous at all - and their tariff makes perfect sense for typical micropayment transactions.