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by invalidOrTaken 3009 days ago
I don't think people are averse to 2-cent payments. I can imagine a scenario where I regularly spend money on the Internet besides Amazon. I don't know how much I've spent on Steam, for instance.

What people are guarding against is optimization. I don't mind paying 2 cents. I do mind paying 2 cents and then becoming marked for upsell and becoming subject to a full-fledged marketing campaign, or having some recurring 2-cent payment be changed to $20. Cognitively, I know that I am no match for the kilonerds out there trying to extract money from my wallet. So the only move is not to play.

1 comments

Fear of uncertainty makes sense and something I haven't thought about too much in this project. Sad that the modern net has created such a 'gotchya' impression. I would think that this comes from everyone promising free but actually desperately looking for revenue somewhere.

I feel like this is solvable with smart policies and good institutional culture. One thought that I had was that a user commits to depositing say $2 to use for micro payments for the month, but doesn't actually get charged until the end of the month. This delays the pain point of spending money (thereby reducing it) but also may minimize the sensation of risks.