A micropayment system is an electronic payment system aimed at providing low-value and high-volume transactions. |
A few micropayment schemes are basically intermediaries that are brokering your microtransaction. |
None of this will matter once everything is digitized and it's all ephemerally available on demand for some micropayment. |
There has been recent confusion about the micropayment approach Bill Gates outlined that is important to clarify. |
Trouble is, micropayment systems also have to deal with a lot of nasty and expensive customer service problems. |
The basic idea behind micropayment systems are that consumers pay a small amount of money for each item of content downloaded. |