Today technology has been advanced and people are using different sources to generate the income. E-commerce sites are also the one source but for that e-commerce required payment process which should be global. As we talk about global payments, every country has their own process. This payment option is called as Micro payments. Micro payments are basically small financial transactions. Many companies do these kinds of transactions, and one of them is PayPal. PayPal charges less fees for Micro payments.
The micro payment concept was planned for the online content transactions. This made the business easy today and by that anyone can do the business from anywhere and through this way people will be able to sail their products anywhere through internet. This online business of small sum of amount is depending on Micro payments today. This is the easiest way today to generate the revenue. In late 1990s World Wide Web consortium tried these Micro payment transactions online but it did not get success at that time as they were getting errors while doing the transactions. They World wide web consortium stop the method
Micro payments is a decade old process. Many companies used this process earlier. Just because of this process, the changes were done in web-wide protocols. Then internet currencies came in the market. This Micro payment option was very risky as the merchant and buyer both have to trust each other for the transactions and just doing blind faith they start getting business. Now today Micro payment is the easiest option available for both merchants and for buyers
Even we today need the way of International Payments Processing so that anyone can accept the orders throughout the world and can get the international payments. It becomes localized now days. By this, merchants can sail there product globally and can get the payment easily. Offering the easy payment alternative will rapidly speed up sales. Not paying attention to the local payments will depress the sales and will affect the business. 소액결제현금화
Below are some assumptions people have to take care of in Micro payments:
1. The prices in online marketplace will be puzzling and opposed to consistency. This is the main issue with online marketplace. The market gets vary every time. Some time the rates are higher and sometime lower but this is not going to affect the online market. The Micro payment charges will be same and buyers or merchants have to pay those charges.
2. The number of purchases completed of the day will be significantly higher than in real-life condition like superstores and medical shops. As per latest market situation no one is there in right mood to do charge for every particular page of a Website. Most of the people, especially vendors will offer combination of costless and priced content if they have any idea of the online market, and as per market the selection of the product should be easily available and should be understood that what is requirement of client
3. The payments should be planned. The process should be properly planned and should be easy to understand.
4. Too many choices for users will be problematic. User should not suffer or should not get confused while seeing the huge choices. Choices should be there but should be made that convenient that user can select the product which he or she is looking for because user will not see how many time the user click on the product or check the website but will see what kind of features he or she is getting from the product.