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> Micropayments on the internet don't work. Payment processors charge 30¢ per transaction, plus a percentage. Well yes, micropayments don't work if you don't u
by kube-system 3y ago
> Micropayments on the internet don't work. Payment processors charge 30¢ per transaction, plus a percentage.
Well yes, micropayments don't work if you don't use a micropayment platform. There are solutions that cater specifically to micropayments that have different fee structures so that it makes sense.
A platform with enough resources and interest could also accept deposits from traditional payment processors in bulk, and payout at some threshold to content creators.
> If you look at the Twitch leaks, the payment curve has a long tail; the vast majority of creators do not make very much at all, while the top creators tend to make out with multigenerational wealth in a year.
This isn't because of the payment system. This is because content quality and discovery both have a long tail. The average content is poor quality and has almost no views.
- throw10920 3y agoRight - GP puts up a strawman: > Micropayments on the internet don't work. Payment processors charge 30¢ per transaction, plus a percentage. Nobody ever said that you'd have to use payment processors directly for micropayments, and most schemes that I know of don't, because of those fees.