Sign up Login

Micropayments

Follow

 

Micropayments are a means for transferring relatively small amounts of money. "Micropayment" originally meant 1/1000th of a US dollar, meaning a payment system that could efficiently handle payments at least as small as a tenth of a cent, but now is often defined to mean any small payments processed by credit card, premium SMS or premium rate phone call. The use of Micropayments may be called Microcommerce or M-Commerce 

Micropayments are a means for transferring relatively small amounts of money. "Micropayment" originally meant 1/1000th of a US dollar, meaning a payment system that could efficiently handle payments at least as small as a tenth of a cent, but now is often defined to mean any small payments processed by credit card, premium SMS or premium rate phone call. The use of Micropayments may be called Microcommerce or M-Commerce 

 

Was this article helpful?
0 out of 0 found this helpful

Comments

Powered by Zendesk