Addicted to novelty since 2001

Mini, If Not Micropayments

Over at eBizBlog, Rob writes about Paystone, an alternative to PayPal with low service fees:

Some e-commerce solutions have per sales fees which do not make it cost effective for small businesses that want to sell online to do so. Paystone enables “online entrepreneurs” to more profitably sell online. Paystone charges $.10 and 2.8% per sale for items costing from $.25 – $5. This makes it more economical for content sites to make money by selling their content and accepting micro-payments.

Of course, that’s not nearly good enough. I want to be able to pay somebody, like a quarter of a cent, and have the company take a 2% of that, or 0.5% of a penny. Once we get there, then micropayments might become a viable reality.