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Word: micropayment (lookup in dictionary) (lookup stats)
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...biggest problem with micropayments is managing the payments. Credit cards, which require each transaction to be separately billed and processed, aren't designed to handle charges of, say, 7[cents]. But new players are moving in. Compaq's MilliCent, for example, is a pay-per-click network currency that will let Web surfers micropay for everything from news stories to online games. Users will be billed by credit card, phone, ISP bill or prepaid card...

Author: /time Magazine | Title: For Pennies A Day | 2/19/2001 | See Source »

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