PayPal to Offer Micropayments

lazarus corporation writes "According to a press release on shareholder.com, PayPal are introducing micropayments processing fees for digital goods. Will this allow musicians to do away with record companies completely and successfully sell their own music online?" It looks geared to be the under $2 area and not the couple of pennies area, so I think calling it "Micropayments" is a bit much, but it's something. Still amazing that in 2005 nobody has figured out a way to make it simple to charge a penny on-line.

Comments

10% Charge

[Anonymous Coward]

The new fees will enable merchants to process payments at a rate of 5 percent plus 5 cents per transaction.

So for $0.99 it will still take a 10% fee.

Bastards.

Bitpass has had micropayments for a long time

[RhettR]

BitPass has had micropayments for some time... the catch is you have to buy at least $3 credits, but then you can pay those anonymously to websites in increments as small as one cent.

Paypal seizes $27K of Hurricance Katrina Red Cross

[Anonymous Coward]

Paypal just siezed $27,000 of aid going to the Red Cross from SomethingAwful.com users - I'd say thats reason enough to cancel if you haven't already been royally screwed by them...

Re:Transaction Costs

[CProgrammer98]

You have been especially selected for our FREE Apostrophe 101 course.

We recommend that you pay particular attention to module 3...

It's "fees", not "fee's" and "cents" not "cent's". Although you managed to work out how to pluralise "thing", "sale" and "cost" and even "micropayment" correctly.

4 out of 6 plurals correct... Well done, but do try harder next time... :)