Re:Ask HN: Why aren't micropayments a thing?
by m-p-3 on Friday January 22, 2021 @08:15PM
(#25878538)
> Look at the gaming industry, [...] Micropayments are most definitely already a thing, and have been for a while.
They'll do whatever it can to make a penny in this cutthroat industry and especially on mobile, so losing a significant portion on transaction fees is better than nothing to them.
In other industries, it's better to maximize your transactions ROI and reduce them to a minimum, even if it means making the payment a bigger amount that covers a longer subscription period. They'll even offer a promotional rate if you take a yearly subscription instead of monthly.
They'll do whatever it can to make a penny in this cutthroat industry and especially on mobile, so losing a significant portion on transaction fees is better than nothing to them.
In other industries, it's better to maximize your transactions ROI and reduce them to a minimum, even if it means making the payment a bigger amount that covers a longer subscription period. They'll even offer a promotional rate if you take a yearly subscription instead of monthly.