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6 Examples of Micropayments

 , updated on September 06, 2017
Micropayments are a payment system designed for small amounts of a few cents or perhaps a few dollars. Such systems are designed for quick authorization and authentication such that payments are effortless to make. Micropayments have potential to spark new business models and transform industries. The following are illustrative examples of a micropayment.

Media

The ability to pay a few cents to read a newspaper article without ads or watch a television show without commercials.

Art

The ability to pay small amounts to artists. For example, a art community with a button that allows for an instant payment to support an artist you like.

Messaging

Micropayments have been proposed as a means of preventing spam messages. For example, if it cost $0.01 to send a message, this would get expensive fast if you're sending millions of messages.

Virtual Items

Small payments for virtual items in games, apps and social media.

Software

A pay-as-you-go model for software services with no upfront or recurring fees.

Donations

The ability to make small donations to charity. This might lead to a model whereby people donate on a daily basis to things they want to support as opposed to making a few donations a year. Such micropayments could be automatically aggregated to produce manageable tax receipts.
Overview: Micropayments
Type
Definition
Payments systems designed to make extremely small payments practical.
Notes
The fee structure of micropayment systems also needs to be micro such that fees are a small percentage of each payment despite their small size.
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