Micropayments and the future of online flea markets...

Problem: You want to sell something on the internet for less than a dollar, but your customer's all use credit cards and the fee is not worth the transaction.

Solution: Micropayments.

Many dismissed them, and I am still not convinced of their viability. However, I do think that the pre-paid system could work quite well. It is just like an ID card at a university. You pre-pay into the account and the ID can be used to pay for a candy bar at the snack machine, your lunch at the cafeteria, and to print out a paper at the lab.

Instead, on the internet, you pre-pay a vendor, like BitPass and every time you make a transaction it docks your account. This would be great for e-bay, iTunes, etc...

What it means for Politics? Not much that I can see, other than a good web design person should be aware of all the possible ways a donor can give them money!