micropayment
2
4.0
- noun
- /ˈmaɪkroʊˌpeɪmənt/
- Specialized
:
micropago
- The big growth will actually be in information jobs that will be enabled by micropayments.
- micropayment plans
- micropayment system
Examples
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One big aspect you're missing is that I mentioned that online apps will really take off when micropayments are used to monetize them.
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I think PayPal or Amazon have micropayment services now, which will really determine whether the idea is viable or not.
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I can agree with you that micropayments/nanopayments technology is potentially a big deal.
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The last part is the one at stake in the micropayments debate: distribution.
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Willet is the latest in a stream of attempts at general micropayment systems.
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I think micropayments are the bottleneck for the information economy to really take off.
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Many programmers have built web apps that are supposed to "make micropayments a reality."
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Not sure what distinction you are making between nano and micropayments, but yes, it will revolutionize the economy.
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Conversely, micropayments have been "on the cusp" for a decade, and no returns have yet materialized.
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Users appreciate the ease of making micropayments for digital articles without a hefty subscription fee.
Synonyms
9
1.0
A small extra payment you give to use a service
1
4.0
A very small amount of money given to show you will pay later or to keep an agreement
How Big
Surface Forms
Morphology
Etymology
The word micropayment joins micro- meaning 'small', the same micro you see in microphone or microchip, and payment from 'pay', so it refers to a very small payment, often online to buy a single article or a small game item.