Burts AIS, osCommerce & More Blog
New URL: www.osworld.biz

Tuesday, September 06, 2005

Paypal MicroPayments!

Paypal are to introduce Micropayments, an "affordable" solution for small amounts (under $2) according to a press release. The new pricing will provide merchants with a more affordable way to process payments for low-cost digital content such as video games, online greeting cards, news articles, mobile phone content and digital music. PayPal's micropayments pricing is designed to give customers the convenience of a-la-carte purchases, such as 99-cent downloadable ringtones, without having to sign up for annual subscriptions or pre-funded payment accounts.
You can read more at that Press Release. Examples Selling price: $0.50 Old charge: $0.22 New Charge: $0.08 Saving: $0.14 Selling price: $1.00 Old charge: $0.23 New Charge: $0.10 Saving: $0.13 Selling price: $1.50 Old charge: $0.25 New Charge: $0.13 Saving: $0.12 Selling price: $2.00 Old charge: $0.27 New Charge: $0.15 Saving: $0.12 Though 12 or 13 cents does not sound like much, these savings over the course of a few thousand transactions add up quite substantially. Well done Paypal!

New URL: www.osworld.biz - thanks!

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