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micropayment


'micropayment' can also refer to...

 

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A monetary transaction that is so small that it is not economically feasible to process it using conventional means such as bank clearing. Many of the financial transactions within the Internet are micropayments involving no more than a few cents or pence. The difficulty in charging for them has led to a number of token-based or account-based payment systems using technologies such as Mondex and digital cash.

Subjects: Computing.


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