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

Re:Transaction Costs

[ndtechnologies]

Maybe instead of a band using paypal to help sell their music (where Paypal will get a significant chunk of the sale), maybe the bands should go to a site like Independent Music Online http://ind-music.com/ where the bands can make more money. This site has a payment plan set up that helps the bands earn more money, if more songs are purchased...check it out.