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Readers Speak - What are the Best Micro-Payment Services for 2015 (and Beyond)?

Posted on 12.28.2014

At some point, your enterprise has likely considered the use of micro-payments; e-commerce transactions involving small (sometimes very small) sums of money typically in exchange for something available online - such as an application download, a service, or Web-based content. 

The problems with micro-payments to date, however, have been many. 

For starters, the sums of these transactions (which range from fractions of a cent to less than a dollar typically) are so small that credit card companies aren't necessarily willing to jump on the virtual bandwagon. Users aren't yet sold on paying fractions of a dollar for information (or services) either. In addition, the surge in Internet wallets never really materialized and the volatility of Bitcoin and other alternative currencies result in a wholly avoided opportunity. 

Those interested in giving micro-payments a go, however, do have some options. Paypal and Google, for example, both offer a competitive micro-payment service but several startups are aiming to capture some market share in the nascent industry, including Mazooma, Orbograph, and AlloPass to name a few.

Are you currently using micro-payments or do you have plans to in 2015? What services are being consider for the initiative within your enterprise? Share a comment with other Website Magazine readers below! 

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