Linked by Mufasa on Tue 13th Jul 2010 15:57 UTC
Editorial I read David's post worrying about the end of the free internet and I had to respond, as I strongly disagree that free and advertising-supported content is the future. If anything, it is advertising-supported content that is destined to be a niche strategy, because of new internet technology that enables entirely new models and empowers consumers to have exactly what they want. Advertising will not support much content creation, so I suggest what will.
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The Problem with Micropayments
by shollomon on Tue 13th Jul 2010 16:28 UTC
shollomon
Member since:
2008-07-06

Traditionally has been that the payment processors, people like banks, credit card companies, Amazon, paypal, etc. all want a cut. By the time they make money off of the process the payment is not so micro.

Reply Score: 1

Timmmm Member since:
2006-07-25

I think this could grow out of a donation based system.

For example, what about the following generic donation system:

1. User goes to donate.org (or whatever), signs up, buys (with credit card) £20 worth of donations.
2. User adds bookmarklet from donate.org
3. User goes to website(s) of projects they wish to donate to, clicks bookmarklet, selects the amount of money and hits 'donate'.
4. The money is earmarked for that website, until they claim it. If they don't it eventually times out.

I think that would be a great way to 'micro-donate', and if it became popular you could extend it to micro-payments as well.

Reply Parent Score: 1

Tuishimi Member since:
2005-07-06

Or perhaps as some sites do, a point system. You purchase points with real $$$ and the more you purchase, the cheaper those points are.

Points could then be allotted to advertisers or providers or what-have-you. The value of the points would vary of course but could be guaranteed to fall within a specific range of real value.

Reply Parent Score: 2