Definitions for "Micropayments"
Keywords:  penny, cent, cahners, mdr, fraction
Very small charges, perhaps even less than a penny, processed through e-commerce systems. Until this time, e-commerce has been largely limited to purchases of $10 ( U.S.) or more. With micropayments, however, e-commerce merchants can sell products for far lower prices, such as charging small fees for downloading documents or charging per click for online advertising. Micropayment systems are still largely experimental and not widely available.
Transactions in small amounts, generally 25 cents to $10, such as to purchase information online. see also digital money
A method by which companies can keep an "electronic charge account" for customers. Micropayments offer an affordable way to charge anywhere from one cent to one-hundredth of a cent as payment for services or products offered over the Internet.
Keywords:  cash, digital, see
See digital cash