We’ve been talking about micropayments for a few decades. Why haven’t they taken off?
A micropayment is small digital payment. There is no common definition for exactly how small, but a range of anywhere from a fraction of a cent to 50 cents is often used. Micropayments have been touted as a way for media companies to make the transition from print to digital. Instead of having to pay a large monthly subscription for a newspaper or being bombarded with ads, readers would pay a dime to consume each article. Artists and other content creators would be able to monetize their creations by charging a few cents to view each blog post or video.