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.
The payment acceptance method used by merchants who offer products, services, or information for a few cents to a few dollars. Processing these small payments with a merchant account would significantly reduce the amount of profit you would gain from the sale.
Payments, usually in very small amounts ( $3.00) for goods purchased over the Internet.
Payments that have a value between a fraction of a cent and roughly ten Dollars or Euro.
From Glossary of "Weaving the Web" ( 1999-07-23) Technology allowing one to pay for Web site access in very small amounts as one browses.
Small payments that are typically aggregated by an m-wallet provider or other payment processor. Cahners In-Stat/MDR considers payments from $.01 to $2.00 to be micropayments
Allow content providers to charge very small fees (a fraction of a penny) for access to a site or other electronic information. The aggregated payments are then deducted from a user's e-cash account or credit card, making the experience highly fluid. However, unless users are conducting volume transactions, the cost of processing is far greater than the revenue generated - also, users have to be willing to set-up an e-cash account. See Also Electronic Cash.