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What are Micropayments?

By | 2016-10-22T07:49:51+00:00 April 7th, 2013|POS Basics, SMS payments|

Micropayments are financial transactions that involve a very small sum of money. PayPal defines a micropayment as anything less than USD 12, whereas Visa classifies anything less than USD 20 as a micropayment. Traditionally it has been difficult, financially, to recoup the costs involved in processing micropayments. With SMS billing, [...]