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Maybe one day the difficulties of establishing a nano/micro payment system will be overcome. https://cs.stanford.edu/people/eroberts/cs181/projects/2010-11/Mic

• DSingularity 9y ago
  Thanks for the link. Regarding mental transaction costs, why not make refunds one-click-away? If after consuming the digital good or using the service a user feels “oh my this wasn’t worth it”, it takes one click to undo his usage. Wouldn’t that eliminate this cost by relaxing the user?
  • freeone3000 9y ago
    It'd hamper adoption by vendors. If I knew your could refund whenever, how do I know when it's safe to take out that money?
    • DSingularity 9y ago
      My guess is you model it and exploit how over time everything normalizes. Bottom line is that 99.9% of users won’t request refunds. And for those that do, well they are micro transactions right?
  • always_good 9y ago
    Actually, infinite refunds / charge-backs are responsible for major friction in our existing systems. Those mechanisms are expensive and add a cost to every dollar sent through them. Really, microtransactions should be final by default unless you specifically need the machinery of escrow or clearing delay.