| ▲ | __MatrixMan__ 2 hours ago | |||||||
> We know that micropayments can work because mobile games are a thing. Paying $1.00 for an in app purchase that you thought about and decided on is not a micropayment, that's just a small payment. What makes micropayments interesting is that they can be small enough to escape notice, except in aggregate. They happen in the background, tightly coupled to the thing they're for, and not as part of an explicit purchase that added friction to the consumer's day. I think there's probably a lot of potential to simplify things with micropayments. Like perhaps rather than paying my mobile provider to maintain a web of relationships with regional network operators and distribute money to them on cadence which has nothing to do with my usage of their network, I could instead just attach some money to each packet and transmit it to the lowest bidder in range (payment stays in escrow until packet delivered, then pays all operators involved). It could be that by cutting out the middleman I pay less and the network operators get more. That's not what this is about though. | ||||||||
| ▲ | beeflet 2 hours ago | parent [-] | |||||||
There should be a new word for the not-exactly-micro-micropayments that the author describes. I suggest "minipayments". As you, I associate the micropayment idea with truly tiny individual payments. Like paying for bandwidth by megabyte, where each payment is much less than a cent. The risk of fraud due to any individual payment not being fulfilled is low. At most you loose 0.01c of money, and the vendor loses $ of potential business. | ||||||||
| ||||||||