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by input_sh 848 days ago
At least a part of the answer is that your service would end up being used to test stolen credit cards.
1 comments

One micro-transaction doesn't need to imply one credit card transaction. A micropayments solution could work like PayPal, whereby every user has a balance. Then it's just database transactions within their own system.

The tricky part is the chicken-egg problem; does user adoption or developer adoption come first? I expect that one of the existing major tech companies would need to do it.

Apple, Google, Microsoft: Can build it into their browser, and are already facilitating payments via their app stores and existing user accounts.

Stripe: Already have the developer adoption in Stripe checkout.

The limiting factor might be CS & disputes. There is an average support cost of transactions, and it might be higher than what they could make on fees. I think some automation could bring that cost down in the future as well, though.