There are those who will swear by the concept of bitcoins, that they represent a safer and more efficient future. There are others who believe that they’re a fad akin to Second Life or the pet rock. Can they break into the mainstream through micropayments?
Different payment processors have different opinions on the definition of a microtransaction, commonly known as a miniscule payment for a good or service.
Small businesses in the US like to require that customers make at least a $10 transaction on a credit or debit card. Thatâ€™s because some processors charge more for smaller transactions in order to make money on every purchase.