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micropaymentDefinition An electronic transaction consisting of the transfer of a very small sum of money.
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micropayment Payment scheme used exclusively on the Internet, normally for very small denominations (as low as a fraction of a cent). Used with pass-though transaction processing to quickly perform payment transfers for high volume, low cost soft goods.
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micropaymentA micropayment is an e-commerce transaction-type with a low financial amount. Micropayments are typically used to purchase online products and services such as e-books, music and memberships.
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micropaymentA transaction involving a very small sum of money in exchange for goods.
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micropaymentA micropayment is a financial transaction involving a very small sum of money (<1 USD) and usually one that occurs online.
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