Google moves toward micropayments for newspapers
Here's the letter that details Google's plan and was sent to the Newspaper Association for America.
"While currently in the early planning stages, micropayments will be a payment vehicle available to both Google and non-Google properties within the next year," the letter, as published by the Nieman Lab, explained. "The idea is to allow viable payments of a penny to several dollars by aggregating purchases across merchants and over time. Google will mitigate the risk of non-payment by assigning credit limits based on past purchasing behavior and having credit card instruments on file for those with higher credit limits and using our proprietary risk engines to track abuse or fraud. Merchant integration will be extremely simple."
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