The term micropayment stands for payments of very small amounts and can also be referred to as micro payments. Micropayment is particularly important when paying for digital goods such as newspaper articles or pieces of music, downloading software or computer games, whose prices are often less than five euros.
Micropayment with PayPal
PayPal is one of the best-known micropayment systems and is accepted by most promotional stores and online stores as a payment option for very small amounts. PayPal was founded in 1998 and has been represented as a payment system in Germany since 2004. After a one-time registration, which requires the usual data such as address and phone number, you can use it with a username and password. An account must be set up, whereby a basic distinction is made between a private customer and business customer account. Payment is made in real time, so the recipient can hope for faster delivery of goods. The paid contributions are then settled either from the PayPal account or by credit card or direct debit. There is also a security center on the website, PayPal users are informed about how to proceed in cases of fraud and data misuse. All transmitted data is encrypted using the SSL protocol. In the log-in area of the website, the account statement is stored, which customers can access at any time and monitor their transactions. With PayPal, payment of small amounts via the smartphone is also possible. In this case, the product is selected with the smartphone and PayPal as the payment method. The e-mail address and password are used to log into the PayPal account and confirm payment. The item is then shipped after payment.
Pay small amounts with ClickandBuy
ClickandBuy has been available since 2000 as a payment system for very small amounts and is represented throughout Europe, Asia and the USA. With this method, an account must first be created. The creation is free of charge. Then the user enters his e-mail address and a password. The usual data such as address and telephone number are then entered. The user can choose between payment by credit card or direct debit. The payment is not made in real time with this payment system. The merchant receives the money at certain intervals, with these intervals negotiated with the payment provider. ClickandBuy is offered by 14,000 providers worldwide as a payment method for small amounts. All transactions and the current account balance can be viewed at any time on the website in the service area. It is also possible to change the payment method and customer data and set a cost limit. These changes can be made in the log-in area.
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