micropayment
Fractional digital transaction
A micropayment is a very small financial transaction, typically fractions of a cent to a few dollars, processed electronically.
The concept emerged with digital commerce as a way to pay for individual articles, songs, or in-app purchases rather than subscriptions: The site charges a micropayment of ten cents per article.
Micropayments require low transaction fees to be practical.
Paying beyond the bill
- paywallFee-based content restriction
- content-creatorProducer of online media
- patronageSupporter's financial backing
- crowdfundingRaising capital from masses
subscription · freemium · ad-free · support · revenue · monetize
Minor digital goods payment
- pay-per-useCharged by consumption
- one-clickPurchase with single action
- low-costRequiring little money
- paywallFee-based content restriction
unlock · access · premium · streaming · pay-per-view · toll · metered · incremental
Requiring no physical touch
- e-walletElectronic payment storage system
- NFCClose-proximity communication protocol
- VenmoMobile payment service
- PayPalOnline money transfer platform
fintech · API · checkout · merchant · point-of-sale
Cryptographic linked transaction record
- tokenRepresentative placeholder
- peer-to-peerServerless network architecture
- decentralizedLacking single authority
- trustlessVerified without relying on others
tipping
Paying beyond the bill
- paywallFee-based content restriction
- content-creatorProducer of online media
- patronageSupporter's financial backing
crowdfunding · subscription · freemium · ad-free · support · revenue · monetize
microtransaction
Minor digital goods payment
- pay-per-useCharged by consumption
- one-clickPurchase with single action
- low-costRequiring little money
paywall · unlock · access · premium · streaming · pay-per-view · toll · metered · incremental · frictionless
contactless
Requiring no physical touch
- e-walletElectronic payment storage system
- NFCClose-proximity communication protocol
- VenmoMobile payment service
PayPal · fintech · API · checkout · merchant · point-of-sale
blockchain
Cryptographic linked transaction record
- tokenRepresentative placeholder
- peer-to-peerServerless network architecture
- decentralizedLacking single authority
unbanked
Without bank accounts
- remittanceFunds sent elsewhere
- kivaPueblo ceremonial chamber
- fintechfintech, mobile banking, digital wallet, digital wallets, digital payments
- Micromicrobe, microbes, microchip, microchips, microscope
- e-cashPayPal, Venmo, digital wallet, online transfer, Apple Pay
micropaymentlump sum payment
Full amount given once
one-time payment · upfront payment · single payment · flat fee · subscription fee