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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]
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.