Meaning of “micropayment” in the English Dictionary

business-english dictionary

"micropayment" in Business English

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micropaymentnoun [ C ]

uk /ˈmaɪkrəʊˌpeɪmənt/ us BANKING, E-COMMERCE, MONEY

an online payment of a very small amount of money:

Micropayment systems have made it possible to pay for individual downloads.

(Definition of “micropayment” from the Cambridge Business English Dictionary © Cambridge University Press)