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> Maybe your answer is micro transactions Micro transactions have never and will never work and the reason has nothing to do with technology. There is a mental
by qeternity 5y ago
> Maybe your answer is micro transactions
Micro transactions have never and will never work and the reason has nothing to do with technology. There is a mental cost to assessing a purchase value, and that cost is relatively fixed. People don’t want to go around having to think “oh should I pay 25 cents for this? how many other 25 cent transactions have I made this month and what is my budget?” They would rather make one decision to pay $10/mo and consume as much as they want.
- haxiomic 5y agoNot arguing for or against but micro transactions absolutely work precisely because people can be more happy to spend $1 ten times in a month than $10 in one go because the $1 is a less scary transaction than $10 a month, which if you’re not wealthy, can be a significant choice to make [0] Plenty of data around how successful this model can be (at least for the company) [1] [0] https://www.tuw.edu/psychology/psychology-behind-microtransactions/ https://www.tuw.edu/psychology/psychology-behind-microtransa... [1] https://en.m.wikipedia.org/wiki/Microtransaction#Impact https://en.m.wikipedia.org/wiki/Microtransaction#Impact