Whatever Happened to Micropayments? 318
prostoalex writes "Remember Flooz? Or Beenz? With a few notable successes (PayPal, and that's about it) online micropayment industry is saving its success stories for future generations. New York Times reports about two nascent micropayment systems, one coming out of Stanford, one out of MIT, that are supposed to help the content producers and Internet users to engage in less-than-a-dollar financial transactions without huge overhead costs, so typical of credit card payments. BitPass requires you to purchase a virtual debit card with a certain amount on it to pay for products and services, and PepperCoin consolidates numerous micropayments into one bill that is then split between the content providers that managed to sell their product to the Internet user." I still believe that single penny transactions will revolutionize the net.
micropayments on /. (Score:5, Funny)
Plus, a micropayment system on
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75 refreshes to see if FP gets modded down
at $0.01 per Slashdot page hit, an FP would be worth $3.97.
Yeah (Score:5, Funny)
Superman III (Score:1, Funny)
Whatever Happened to Micropayments? (Score:5, Funny)
I believe they fell through the cracks.
The real reason micoropayments haven't worked: (Score:5, Funny)
Re:micropayments on /. (Score:5, Funny)
Priceless.
Sarcasm? (Score:3, Funny)
Disaffected youth #2: Are you being sarcastic, dude?
Disaffected youth #1: [dejectedly] I don't even know anymore.
Re:Superman III (Score:4, Funny)
What if micropayments just worked? (Score:3, Funny)
1) one day, people will find a way to make it profitable, and
2) when that day comes, you'll already own the market & make back everything you lost.
Just do business & wait for technology to catch up. There's too much fussing about whether or not it would be profitable from the get-go.
Well... (Score:2, Funny)
Re:Yeah (Score:2, Funny)
Wow, now THAT's what I call a MICROpayment.
It must be at least $1.50 Canadian.
distributed micropayment model (Score:1, Funny)
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