Updated: 10/02/2017 by Computer Hope

Micropayments are transactions of small amounts of currency, usually online. PayPal defines a microtransaction as a transaction of less than $12 (US dollars).

Micropayments were originally conceived in the late 1990s as a way to allow people to pay minuscule amounts of money for online content; an alternative to ad revenues. To date, they have not seen much success nor have they been widely adopted.

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