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This has been tried multiple times. Micropayments just don’t work well. People don’t want to create an account, break out their CC, and enter their info just fo
by rcme 3y ago
This has been tried multiple times. Micropayments just don’t work well. People don’t want to create an account, break out their CC, and enter their info just for a 5c transaction. You also can’t even profitably charge a CC 5c, so you need to charge something like $5. Unlike music, most people can envision consuming $5 worth of news media unless they already have a strong preference for a publication like the NYT or WSJ.
- shaunkoh 3y agoCould payments not be aggregated? Eg, consumers incur those credit card charges by topping up an online wallet. They “pay” 5 cents from that wallet itself. The news website only receives payment when the aggregated total paid to it hits a certain amount. General epayment wallets are already widely (Grab in Singapore for instance), even with auto top up. There just isn’t one for news.
- rcme 3y agoThat solves the problem of profitably charging the card (maybe) but it doesn’t solve the issue of convincing people to sign up and pay for something that costs 5c.