Related Overviews


'microcash' can also refer to...


More Like This

Show all results sharing this subject:

  • Computing


Show Summary Details

Quick Reference

Many transactions on the Internet have a low monetary value: for example, the preparation of a weather report, or the downloading of a chapter of a book or of a font may only cost a fraction of a pound or a dollar. Such transactions would usually attract commission charges from a bank or credit card company much larger than the amount involved; hence it becomes financially infeasible to use conventional payment means to handle them. Microcash is the term used to describe the low-value monies involved. A number of schemes to solve this problem have been proposed. Many involve a purchaser receiving an injection of digital cash via a bank and then spending it in very small amounts, very much like the schemes which operate for pre-paid mobile telephones. See also micromerchant and token.

Subjects: Computing.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.