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Micropayments Going Mainstream? Not Yet.

Posted by timothy on from the penny-for-your-thoughts dept.

DotEdu writes "Today's NY Times has an interesting article on two new micropayment companies, BitPass and Peppercoin, and the venerable PayPal. More interesting than the companies are the critique: Micropayments are not the silver bullet. You still need to actually have a viable product that you can sell."

2 of 167 comments (clear)

  1. Viable product? by charleschuck · · Score: 5, Funny
    Micropayments are not the silver bullet. You still need to actually have a viable product that you can sell.

    Damn, there goes my plan to make cash off my years of collected ascii-art pr0n. :-(

  2. Useful product.... by zakezuke · · Score: 4, Funny

    Virtual gumball machine! Where children can access a rendered image of a traditional gumball machine, place in the virtual coin which will deduct a micro payment from the folks CC, and in just under a week, they get a real gumball delivered by UPS/FedEX.

    Gumball.... 25 cents
    transaction charge... 35cents
    shipping / handling... $5.50 for express delivery per unit

    Seeing the horror on the parent's faces when little timmy maxed out their credit cards on gumballs... priceless!

    --
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