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return of the micropayments...







return of the micropayments...

return of the micropayments... 03/11/2003 02:00 PM

several years ago "micropayment" was the buzzword and then seemed to fade into oblivion as so many cool tech ideas...




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return of the micropayments...

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Micropayments Going Mainstream? Not Yet


Micropayments Going Mainstream? Not Yet 01/11/2004 09:24 PM
Slashdot Jan 11 2004 8:16PM ET

Successful micropayments?


Successful micropayments? 11/10/2003 11:34 PM
Maybe micropayments can be successful. BitPass seems to have at least a decent collection of merchants. I posted about Peppercoin...

The Next Attempt At Micropayments


The Next Attempt At Micropayments 11/17/2003 03:08 PM
Stop me if you've heard this one before... Suddenly, new micropayment technologies are hot, and everyone is talking about the billions of dollars that could be made by selling content for just a little bit of money. All of these estimates use silly math. They talk about how a large number of little transactions adds up to a large number. That may be true, but it makes a huge, unstated, assumption: that there will be a large number of transactions. Notice that the article linked here never looks at things from the consumer side to see if people actually want to be nickeled and dimed for every piece of content they find online. There may be some places where micropayment fees will work - but it's going to be difficult to make significant money that way. First off, people pay money to get online because they want to access content. If everything is going behind a paid wall, suddenly they feel like they're getting double-billed. Why do they need to pay to get online if there's nothing there? Furthermore, each bit of "paid content" competes with free content. Admittedly, if the blocked off content is very very good or comes with some other advantages, some people will pay for it. However, the vast majority of folks will hunt out a "good enough" substitute that they can find for free. Also, the article completely ignores the important comparison that content providers need to make if they're going to block off content. It talks about the potential to make money off of micropayments, but that's a useless number by itself. The important point is whether or not they can make more from micropayments than they could from offering free content supported by some other business model? I can see plenty of content providers jumping on this bandwagon because they haven't been able to figure out how to properly create an online site that makes money - but they may discover that it doesn't do them very much good. There is some content for which micropayments will work - but it's a very limited set - and most content providers aren't going to think this out before throwing up a paid wall.

The March Towards Micropayments


The March Towards Micropayments 06/28/2004 11:16 PM

Micropayments Going Mainstream? Not Yet.


Micropayments Going Mainstream? Not Yet. 01/11/2004 04:53 PM
DotEdu writes "Today's NY Times has an interesting article on two new micropayment companies, BitPass and Peppercoin, and the venerable PayPal. More ...

Debating Micropayments


Debating Micropayments 06/09/2004 02:03 PM
Clay Shirky got a lot of attention last year for his essay on why micropayments don't work - focusing mainly on the addition of "mental transaction costs" as an additional cost above and beyond the monetary micropayment cost. Not everyone has agreed (especially those involved with micropayment companies). Vin Crosbie has now chimed in to explain why Shirky is wrong about micropayments by saying that the mental transactions of micropayments don't always need to stop the transaction. As an example, he points out that people pay for water, telephone calls and electricity in micropayment fashion and never seem too bothered by it. This is true - but what's missing is that in all three cases these are both necessities and there are (or, in the case of telephone, were) no other options for providers. When there's no competition, you can charge and people will accept it - especially if it's a basic necessity. However, when competition does come about, the pricing starts to drop, and the idea of additional fees-per-transaction start to go away. Witness what is happening with the telephone industry. With the rise of VoIP systems, almost all telecom companies in the US are now offering some sort of flat-rate deal where there are no micropayments for each transaction. In the case of undifferentiated content, where there are plenty of other content providers online (with the possible exception of very specialized content), it will be very difficult to charge any form of micropayment.

Have Micropayments Arrived For Real?


Have Micropayments Arrived For Real? 11/02/2003 06:32 PM
Maybe this time, as the Net matures, it's genuinely worth a try. By Dan Gillmor (San Jose Mercury News via MyAppleMenu)

Google Wallet More About Micropayments
For Content?


Google Wallet More About Micropayments
For Content?
06/22/2005 02:17 AM
There's been a ton of buzz over the idea that Google was working on a PayPal competitor, and it appears that Eric Schmidt and "the powers that be" at Google finally thought it was worth speaking to the press on the matter. In discussing the Google Wallet concept, we did note that it came days after rumors of a Google iTunes-like offering as well, and that actually might tie into what Google is working on. Earlier today, there was increasing speculation that Google was more interested in a system to deliver micropayments for content than direct person-to-person financial transactions -- and that seems to be more along the lines of what Google is admitting to. While not clearly laid out, Schmidt did say that the solution they were working on wasn't really a PayPal competitor, but more of an extension of existing programs. Many people have been saying that it's likely an extension of the payment system they use for handling their paid search ad program, but extending it out to other types of content. This would also fit with Google's new video storage offering, which promised to allow people to charge for the content that people downloaded. While less surprising, this is still a bit disappointing. Micropayments seem to go in and out of fashion every few years, but never actually seem to catch on, mainly because not only do they add a monetary expense, but they have a mental transaction cost in making people stop and think about whether or not it's worth purchasing. That cost is much more expensive than most people think. Also, any micropayment-based system always leaves itself open to competitors who realize that it's going to be much more effective to give the content away, and make money elsewhere.

PayPal Slashes Micropayments Fees


PayPal Slashes Micropayments Fees 12/09/2003 07:18 AM
SiliconValley.Internet.com Dec 9 2003 6:37AM ET

MicroPayments and Credit Cards - Game On


MicroPayments and Credit Cards - Game On 06/29/2004 07:09 PM
"...because of a patent-pending method of lumping together individual transactions into one transaction to reduce the cost to the merchant."

Internet & micropayments market to grow
23%


Internet & micropayments market to grow
23%
08/13/2004 05:12 AM
inSourced Aug 13 2004 9:43AM GMT

A penny for your bits: micropayments to
make a comeback?


A penny for your bits: micropayments to
make a comeback?
11/18/2003 05:33 PM
Considered to be holy grail of paid web content, micropayments may be finally ready for prime time

Digital content spurs micropayments
resurgence


Digital content spurs micropayments
resurgence
09/07/2004 06:38 AM
A growing appetite for digital content helps companies that enable small-ticket online transactions.

Fame vs Fortune: Micropayments and Free
Content


Fame vs Fortune: Micropayments and Free
Content
01/07/2004 02:53 PM
Micropayments, small digital payments of between a quarter and a fraction of a penny, made (yet another) appearance this summer with Scott McCloud's online comic, The Right Number, accompanied by predictions of a rosy future for micropayments. To read The Right Number, you have to sign up for the BitPass micropayment system; once you have an account, the comic itself costs 25 cents.

BitPass will fail, as FirstVirtual, Cybercoin, Millicent, Digicash, Internet Dollar, Pay2See, and many others have in the decade since Digital Silk Road, the paper that helped launch interest in micropayments. These systems didn't fail because of poor implementation; they failed because the trend towards freely offered content is an epochal change, to which micropayments are a pointless response.

The failure of BitPass is not terribly interesting in itself. What is interesting is the way the failure of micropayments, both past and future, illustrates the depth and importance of putting publishing tools in the hands of individuals. In the face of a force this large, user-pays schemes can't simply be restored through minor tinkering with payment systems, because they don't address the cause of that change -- a huge increase the power and reach of the individual. - More at http://www.shirky.com/writings/fame_vs_fortune.html

Business in Brief: Google Wins Address';
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Business in Brief: Google Wins Address';
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04/16/2004 02:26 AM
Gateway 2 Russia Apr 16 2004 6:26AM GMT

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(I just blogged this at BlogCritics.org) We went to see Return of the King for the second time last night because our 13-year-old wanted to see it for his third time. My pre-VCR generation has trouble being entertained by a movie more than once, but there are exceptions. Lord of the Rings is one: Giant trolls, gargantuan elephants, catapults firing heads, fierce bad guys with faces made out of cookie dough, fire-tipped battering rams, stirring music, flying dragons, all in one scene. What more do you want in a movie? Even though it was my second time, I still...

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Grok Description matches for return of the micropayments...
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return of the micropayments...

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