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paypal transaction costs to business for small amounts 2.9% + $0.30 USD ($0.00 USD-$3,000.00 USD)
Selling things for 50 cents means mostly paying paypal.
I could swallow 2.9-5% but not the 30 cents, which does not sound much is actually a killer. I'll write to them, but I am sure their answer will be is that 30 cents covers accounting costs.
The reason I favour an encrypted script system is that it cuts down on accounting, people will only bother depositing scripts when they have accumulated a fair amount, and for small frequent payments, getting $10 of change from your account might last months.
Hence it should not be a question of processing every transaction, that should remain private between customer and seller, until the seller wants to deposit their earnings and a customer needs to withdraw a "purse" of cash from their savings.
Bigger payments can be done on a transaction basis, but little ones need something much smaller to oil the cogs of digital commerce.
Anyhow it seems like a long wait until we see a ¤1% (€0.01 - 1 cent) broken into ¤1‰ (€0.001) and a ¤1µ (€0.0001), or prices like ¤5µ, ¤5.7‰ - perhaps I should address the porn industry, once they are persuaded everyone else will follow.
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