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It is interesting how the micropayment zeitgeist has evolved - Micropayments are not possible because fees and rakes amount to unsustainable cuts - In some sp
by trotsky 16y ago
It is interesting how the micropayment zeitgeist has evolved
- Micropayments are not possible because fees and rakes amount to unsustainable cuts
- In some specific verticals (self published, digital) some micropayments are able to thrive despite the large cuts.
- Platform provider responds to those verticals by enforcing a micropayment fee structure on any transaction size
- jonbro 16y agoI think that the way to deal with micropayments is to sell them in bundles, like xboxlive points (MSDollars?). I could see amazon getting behind this with other platforms. Having your own currency is really nice for lock in, etc.