A micropayment is a financial transaction involving a very small sum of money and usually one that occurs online. PayPal defines a micropayment as a transaction of less than 12 USD while Visa prefers transactions under 20 Australian dollars, and while micropayments were originally envisioned to involve much smaller sums of money, practical systems to allow transactions of less than 1 USD have seen little success.One problem that has prevented the emergence of micropayment systems is a need to keep costs for individual transactions low, which is impractical when transacting such small sums even if the transaction fee is just a few cents.
Posts about Microtransactions
  • I Spent $100 In Assassin's Creed Unity So You Wouldn't Have To

    … a business practice which will ultimately become common. Player's stated preferences on Twitter and in comments may be a hatred of all things microtransaction (MTX), but as it becomes clear to companies that they actually buy these items in meaningful quantities, in-game purchases will become as everyday as Day 1 DLC, Season Passes and purchasable…

    Kotaku- 3 readers -
  • Ryse: Son of Rome Won’t have Microtransactions When it Launches on PC

    … Almost every exclusive Xbox One launch title has now made its way to PC with the latest addition being Crytek’s Ryse: Son of Rome which is set to bring action-packed Roman battles to keyboard and mouse wielders on October 10. The game is set to come with all of the games DLC as well as 4K resolution support, but Crytek are omitting one thing…

    Aaron Richardson/ n3rdabl3- 2 readers -

  • #GamerGate: EA Outed For Covering Up 40,000 Users Being Hacked

    … of corruption within the games industry, following the strong push-back from gamers against unethical media practices in the form of #GamerGate. Originally, the anonymous journalist came forward to expose a number of unethical practices in the gaming industry, one of which included a publisher going so far as to cover up a hack attack…

    William Usher/ One Angry Gamer- 44 readers -
  • Free-to-Play MOBA Dragons & Titans Removes Microtransactions

    … free-to-play MOBA, Dragons & Titans, by removing all microtransactions in the game, so that the game is truly skill-based and can not be confused as pay-to-win. This announcement comes hot on the heels of several huge game improvements that were implemented recently including a more user friendly control scheme, reduced match waiting times…

    Galit Gordon/ Gaming Cypher- 3 readers -
  • There's A New SimCity Game Coming To Mobile

    … horrible Ultima and horrible Dungeon Keeper, so I fully expect this to be a free-to-play, always online affair rife with microtransactions and timers. There's always the chance EA could surprise us. For all we know SimCity Build It might be a $10 or $15 premium game that gives players access to everything they could ever want to build their dream city, fully playable offline. I just don't see that happening. We'll have more on SimCity Build It when there is more to share about SimCity Build It. …

    Mike Fahey/ Kotaku- 3 readers -
  • World Of Warships Hands-On: Overcoming Skepticism

    … to upgrade and loadouts to customise. Given the similarity in structure, it seems inevitable that you’ll be doing all of the above either through devoted playtime or through microtransactions. How do you make a multiplayer game out of warships? Wargaming are halfway towards an answer. …

    Graham Smith/ Rock, Paper, Shotgun- 4 readers -

  • Destiny “Currently” has no Microtransactions, But is it in the Games Future?

    … Microtransactions seem to be a growing trend in games right now, whether it's paying a little bit here to outfit your gun with cats, or whether it's paying a bit there to unlock a car earlier than your current progression allows. It's a plague that seems to be absorbing almost every game in its wake, but according to Bungie Destiny has none - for now. Read more of Destiny “Currently” has no Microtransactions, But is it in the Games Future? on n3rdabl3. …

    Aaron Richardson/ n3rdabl3 -
  • PES 2015 Dev Defends Microtransactions

    … It was revealed recently that the upcoming installment of Konami’s long running series Pro Evolution Soccer will contain micro-transactions. In an interview with IGN James Cox, the head of Konami’s new European studio, defended the inclusion of a new cash shop. In PES 2015′s career mode (called myClub), players can earn points through winning…

    Edd Cockshutt/ The Gamer Headlines- 8 readers -
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