Currently, the problems with micro-payments are numerous. The fees charged per transaction to the seller often outweigh any benefit of having an online charge account - small numbers of charge transactions in small amounts often equate to losing money online. In addition, sellers will not have to get a Visa or MasterCard sellers account at all. With Paypal, the only requirement is to open and fund an account with them - a very inexpensive and relatively easy process that takes funds directly via a bank account electronic funds transfer or personal check. Paypal has recently added another benefit to entice users to the system - all money that stays in their accounts can earn a monthly return through a money market investment offered through Paypal.
Users merely have to check off the option when signing up.
You may be wondering why I have devoted this much space to Paypal and not mentioned any of its competitors. Usually I prefer to offer a number of resources and let readers check them out for themselves. As I said, during the course of this week I'll be offering ideas and examples of what some people have done in terms of charging for content. Paypal is one solution that could make this process bearable for everyone. All Rights Reserved Worldwide.