Micropayments have arrived

PayPal introduces new pricing for micropayments

[cyberair]

http://www.shareholder.com/paypal/releaseDetail.cfm?ReleaseID=171765

The new fees will enable merchants to process payments at a rate of 5 percent plus 5 cents per transaction.

"With our new pricing tier for digital goods, merchants can affordably provide customers with what they are demanding - the opportunity to purchase the content they want without the need to sign up for subscriptions or pre-payments."

Looks like we can start implementing a CMS that will incorporate Micropayments for content. Charging $.25 for a good article sounds reasonable and would leave us with $.1875. Not bad...

[edited by: lorax at 7:33 pm (utc) on Sep. 8, 2005]

[Eltiti]

That is very exciting news indeed! Micropayments have been promised for years, but they've never been quite as "micro" as you would want for such things as paying for one article. I can think of one or two ways I could benefit from 25c payments... :-)

[Eltiti]

Update:

I asked PayPal for details, and was told that it can currently be used by merchants in the U.S. selling digital content to customers in the U.S., when PayPal is the only micropayments solution offered.

(Paraphrased b/c of WebmasterWorld TOS.)

Unfortunately, that disqualifies me for now... :-(

Oh, and BTW, you need to open an *additional* PP account if you want to offer micropayments.