Another Look at Micropayments
In an article titled 'In Online World, Pocket Change Is Not Easily Spent", Dan Mitchell writes for the New York Times about micropayments - noting that successful approaches seem to based upon aggregation of transactions, helping to reduce the payment system costs by consolidating multiple small purchases into a single, larger purchase amount transaction. Earlier efforts that involved prepaid-like characteristics (with consumers pre-funding an account) have failed.
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