One crucial facet of micropayments is the fact that their meaning differs from person to person. Usually, micropayments are considered as economic transactions involving really small sums of money. Globally, micropayments reference transactions of less than 12 USD.


Based on techtarget.com, a micropayment can be an e-commerce deal involving a really small sum of money in exchange for something created available on line, such as an application get, something or Web-based content.Micropayments are too little to be feasible for processing through the original credit card/debit card system 소액결제 현금화.


Amir Herzberg of IBM recounts "Micropayments are for such a thing that is too low priced to cover by credit card".The important concern experiencing the feasible software of micropayments is the requirement to hold fees for running individual transactions reduced that is impractical when transacting really small sums of money normal of the nature of the micropayment system.


Many efforts have already been made to make such programs financially probable to the vendors like the statement to telephone design that businesses like Zong and Boku have employed. The statement to telephone guarantees that customers have the ability to charge minimal value transactions to their mobile phone and are delivered a purchase rule by SMS to accomplish the transaction.

But, the sharing system that exists involving the suppliers of the micropayment program and the Mobile System Operators (MNOs) is basically maybe not in favor of the vendors, this has been the key basis for the slow usage globally.