Added by Geoff Sauer on May 22, 2003.
Average rating: 3.67/5.00 (n=3, std dev: 1.53)
 


It used to be a given (amongst those in the know at least) that ‘micropayments’ were the only sustainable business model for those providing content on the web. Micropayments work by charging a tiny amount for access to web content, and are touted as the alternative to giving content away for free (which doesn’t make any money) or charging for subscriptions (which is unlikely to appeal to Internet users now accustomed to freedom of movement online. The theory goes that small amounts to each individual consumer will add up to sufficient funds to keep online publishing firms in business. In recent times, however, any consensus there was surrounding micropayments as ‘the way forward’ has begun to dissolve. There is a growing feeling that the slow introduction of this method of payment is less to do with technical constraints than user requirements. Put simply – micropayments are not emerging as a ‘web standard’ because users dislike them. There are certainly a number of good arguments against their implementation.
 
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