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micropayment

 

Definitions from the Web

Micropayment

Description:

A micropayment refers to a small financial transaction, typically involving a very minimal amount of money that is conducted online. It is a convenient and efficient method of paying for digital content, products, or services, especially when the cost is too low for traditional payment methods.

Examples:

Noun:

  • A micropayment of only $0.10 was required to access the premium article.
  • With micropayments, users can easily make quick purchases without any hassle.

Verb:

  • If you want to download the full album, you'll need to micropay a small fee per song.
  • The app offers the option to micropay for extra lives in the game.

Adjective:

  • In order to cater to a larger audience, the platform introduced a micropayment model.
  • The micropayment system provides a seamless experience for users.

Usage:

  • Micropayments are commonly used in the digital music industry.
  • Some online publications have started adopting micropayment models to monetize their content effectively.
  • The rise of micropayments has revolutionized the world of online transactions.

Related Products:

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