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 ?
GCash is an internationally acclaimed micropayment service that transforms the mobile phone into a virtual wallet for secure, fast, and convenient money transfer.
Additionally, this micropayment option, Drake said, offers a convenient option for users who may not necessarily have any loyalty or preference to a particular site.
The tap and pay micropayment offering has the potential to make Zimbabweans lead the world with mass market cashless payments.
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.
EMONEY GROUP is an international player in the field of digital ecosystems - multi-application solutions and operations among micropayments, transport systems, municipal and other services.
Micropayments are a means to sell content piece by piece, bringing in incremental revenue.
Fatfoogoo, a developer of micropayment systems for the gaming industry, announced on 11 September that it will enable integration of its microtransaction software with Project Darkstar, the open source development environment created by Sun Microsystems Laboratories that caters to the on-line games, virtual worlds and social networking industries.
The spokesperson added that: "The financial micropayment idea remains in a hypothetical stage for the time being as implementation challenges.
The basic idea behind micropayment systems are that consumers pay a small amount of money for each item of content downloaded.
Trouble is, micropayment systems also have to deal with a lot of nasty and expensive customer service problems.
one of only a few contenders in the Internet micropayment technology game.