What is a Micropayment?
The term micropayment is used loosely, as we don’t want to bother the customer to reach for their wallet every time they need to spend a couple of cents, or even a couple of dollars. Micropayment in this case, specifically refers to the ability to divvy royalties and payments in increments of up to 1/10,000th of a cent to various royalty and payment accounts as listed in the digital contracts.