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micropayment |
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| Description | A micropayment is a very small payment made online, typically for access to information. A micropayment is almost always less than $1, and often only a few cents. Because credit card transaction fees make transactions less than $2.50 unprofitable, micropayment systems have proven difficult to implement. The typical micropayment model now involves an upfront payment of $10, and the credit card is charged again when $10 worth of micropayments have been made. |
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