Micropayment is a viable solution for small businesses when credit cards aren’t an option. The ability to accept payments in cents and dollars without having to pay significant overhead fees allow them to thrive on the internet.
Micropayment technology, as described in 소액결제현금화 is now widely used. If you’re interested in having it integrated then you should look for the following factors.
Integration Details
The first thing to look for in a micropayment platform is length of setup and whether it can be integrated with credit cards in the future once the business grows.
Micropayment vendors can offer services such as a DRM system that stops content from being illegally distributed once purchased.
Viability
Businesses should ask themselves, ‘is having a micropayment system viable?’ This makes total sense for those who are selling digital or physical goods that are under $10.
App developers mainly look to micro payment as a way to earn money. They can lock exclusive items or in-game currency behind a microtransaction, or offer extra lives or coins for a dollar, for example.
Transaction Costs
Transaction cost is probably the dealbreaker when choosing the right micropayment solution. To determine this you’ll need to do some math and see if you can thrive in an environment where you’ll be selling in 25 cent increments, for instance.
Vendors can charge anywhere between a penny to a dollar, or a percentage per transaction. This allows you to only pay them when you’re getting business instead of a monthly payment plan.
Reputation
Established companies such as PayPal are clearly the best when it comes to trust. However, you can expect to pay more when you wish to adopt their micropayment system.
When looking to cut costs you will want to check on reviews and ask peers what micro payment platform they’re using.
Laila Azzahra is a professional writer and blogger that loves to write about technology, business, entertainment, science, and health.