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It need not be a tip jar. It can be proper payments. But current credit based online payment system is too expensive for micropayments ( for a fraction of a pen
by snambi 7y ago
It need not be a tip jar. It can be proper payments. But current credit based online payment system is too expensive for micropayments ( for a fraction of a penny) and it is too cumbersome to be used by the user.
We need a modern payment system, that can process micropayments ( that is a fraction of a penny ) with higher security guarantees and cheaper (or free) than the credit cards.
- kaycebasques 7y agoEven the economics of $1 transactions under the current online payment systems can be hard to make work. $0.35 per transaction + 3% is typical, yes?
- toast0 7y agoSome places have micropayment rates. For Paypal you can (maybe) sign up for 5% + $0.05 on purchases under $10. For $1, it's a lot more palettable. But still, the problem with micropayments is usually not the cost, but the hassle; and if you're going for worldwide coverage, you'll also add ability to pay in an accepted form, and for poorer countries, ability to pay in a meaningful amount.