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Micro payments are an interesting idea, but they just have too many issues at the moment. Like say, being awkward to set up with normal payment processors. Thi
by CM30 10y ago
Micro payments are an interesting idea, but they just have too many issues at the moment.
Like say, being awkward to set up with normal payment processors. Things like taxes and fees mean that genuinely 'cheap' articles (read, a couple of dollars or less) are prohibitively awkward or expensive to set up.
They also don't have popular appeal as a concept, since free competition is just too high. Yeah, some people will pay for 'quality'. But a lot of people will just find free alternatives regardless of how accurate or well written the content is. Or if they're like a lot of people now, they'll write off the sources charging for content as 'fake news' and 'propaganda'.
And it also doesn't really fix the clickbait issue. It makes it slightly less convenient for some people (since you can't trick the 1% of people that see through your shoddy reporting any more), but most people just want content based on their own biases. Even when the content is something they're paying for.
I mean, look at a print newspaper if you need proof of that. Over here in the UK, questionable quality tabloids and gossip rags like the Sun and the Daily Mail sell a whole lot better than the likes of the Telegraph or Guardian. If micro payments caught on as a concept, I suspect the same thing would happen there. People would buy poor quality articles that support their own views and don't challenge any of their beliefs.