Quote:
Originally Posted by Barry-xlovecam
There is no money in it at $1 a month.
The consumer would have to establish a "wallet" with $50.00 (40?) minimum and need to ACH or SEPA to the micropayment company's bank in the USA CAN or EU. You wont be able to get a merchant account for this that makes sense economically.
The micropay company would remit 85% to 95% to the retail seller (the site).
The rest is the micropayments costs and profit.
The transaction value need be at least $5 (a 4 - 6 month membership OK).
However, there are sophisticated security and regulatory issues ...
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That is why I said it was a problem due to the "banking situation".
There is a ton of money in it if the banking situation changes. If there is ever an efficient payment system (which say only takes 1-3% no matter what the transaction amount) which has high proliferation (such as being built into the browser using open standards) the model has huge potential. Many people are unwilling to pay $10 a month. But it's far easier to get people to pay $0.50 - $1 a month to access a site they appreciate and use regularly. If you can get even 5-10% of your current visitors to pay it could become highly lucrative for you. I know it would be for me.
If you consider it you will likely see that such a system is a potential answer to relying less on the broken ad model. Newspaper and news sites could definitely use it. As could forums and others. It's not just adult who would benefit. Our payment systems must evolve...