If you download the new Radiohead album the price you want to pay is up to you. I decided to pay 1£ and was charged an additional 0.45£ for the credit card company. Credit cards are lousy for MicroPayment.
Now that I’m seeing this extra charge for the first time (usually the merchant pays this charge and hides it from customers), I wonder how PayPal does it. After all, my PayPal account doesn’t have any money on it – it’s linked to the credit card, thus the charges must be *at least* as high as that. And yet, if I check the PayPal page on Fees it would seem that they charge around 32% instead of 45% for such small payments.
Anyway. I’m going to listen to that album now. 😄
#Music #Radiohead #MicroPayment