Online transactions are trending towards personalization, where customers will only want to get a certain product or item they need without having to pay for others they don’t.
To meet this requirement companies are leaning towards micro payment, a payment platform that can accept cents and dollars in exchange for ‘micro’ goods and services.
소액결제현금화 has a good explanation for micropayments, which is already making the rounds online with these 4 ways.
Mobile gaming has paved the way for micro payments. The most common example would be paying a few cents to get several extra lives, or paying a dollar to get X in-game currency.
These microtransactions extend to even computer and casino games in that you can get a unique skin or exclusive weapon for a dollar.
Online Donations and Tips
Micro payment is the perfect platform for online donations and tips. Fans and followers can show their support by donating in increments, such as $1, $5 or $20, for example. This is easily incorporated into existing sites such Facebook, Quora and others.
Customers can choose to micro pay when they want to read an interesting article, listen to a podcast or music, or disable commercials in a video. Smaller companies won’t have to force a monthly subscription cost to their customers, as they can just set up a pay-as-you-go model for the content they’re offering.
Bitcoin and Cryptocurrencies
Cryptocurrency and micro payment is already a good combination as both won’t require intermediaries and trust in transactions is already a done deal. Sending a payment as little as a dollar can be done using any crypto token of value, and the payment processing itself is speedy and done in almost real time.
Blockchain technology allows for rewards to participants and miners. A micropayment platform can mean users get rewarded with traditional fiat instead of the cryptocurrency they’re harvesting.