Micropayments are small transactions of a few cents or dollars that are made online for digital goods and services, such as in-game purchases, subscriptions, and digital content. Cashing out these micropayments can be a challenge for many content creators and online entrepreneurs, as the fees and minimum thresholds of payment processors can eat into their profits.
In this ultimate guide to 소액결제 현금화 (Cashing out micropayments), we’ll explore the best payment processors for small transactions. Whether you’re a game developer, blogger, or YouTuber, this guide will help you maximize your earnings and minimize your fees.
Why do Micropayments Matter?
Micropayments are becoming increasingly popular in the digital age, as more and more people are willing to pay small amounts for digital goods and services. For content creators and online entrepreneurs, micropayments can be an excellent source of revenue, especially when combined with other monetization strategies such as ads and sponsorships.
However, cashing out micropayments can be challenging, as many payment processors have high fees and minimum thresholds that can eat into your profits. To maximize your earnings, you need to choose the right payment processor and payout option for your needs.
Payment Processors for Micropayments
There are several payment processors that specialize in micropayments, including PayPal, Stripe, and Coinbase Commerce. Each of these processors has its own fees, payout options, and minimum thresholds, so you need to choose the one that best suits your needs.
PayPal
PayPal is one of the most popular payment processors in the world, and it also supports micropayments. With PayPal, you can send and receive payments from anywhere in the world, and you can choose from several payout options, including PayPal balance, bank transfer, and debit card.
However, PayPal has a fee of 2.9% + $0.30 per transaction, which can add up quickly for small payments. PayPal also has a minimum threshold of $1 for micropayments, which means you need to accumulate at least $1 before you can cash out.
Stripe
Stripe is another popular payment processor that specializes in micropayments. With Stripe, you can accept payments from customers around the world, and you can choose from several payout options, including bank transfer and debit card.
Stripe charges a fee of 2.9% + $0.30 per transaction, which is the same as PayPal. However, Stripe has a lower minimum threshold of $0.50 for micropayments, which means you can cash out your earnings more frequently.
Coinbase Commerce
Coinbase Commerce is a payment processor that specializes in cryptocurrency payments, including micropayments. With Coinbase Commerce, you can accept payments in Bitcoin, Ethereum, Litecoin, and other cryptocurrencies, and you can choose from several payout options, including cryptocurrency wallets and bank transfers.
Coinbase Commerce charges a fee of 0% for cryptocurrency payments, which is significantly lower than PayPal and Stripe. However, Coinbase Commerce does not support traditional currency payments, so you need to have a cryptocurrency wallet to use this processor.
Amazon Pay
Amazon Pay is a payment processor that allows customers to use their Amazon account to pay for products and services on other websites. With Amazon Pay, customers can use their stored payment information to complete transactions quickly and easily.
For merchants, Amazon Pay charges a fee of 2.9% + $0.30 per transaction for micropayments, which is the same as PayPal and Stripe. However, Amazon Pay has a lower minimum threshold of $0.01 for micropayments, which means you can cash out your earnings more frequently.
Skrill
Skrill is a payment processor that specializes in micropayments and supports transactions in over 40 currencies. With Skrill, you can choose from several payout options, including bank transfer and debit card, and you can also use Skrill to send and receive money from other Skrill users.
Skrill charges a fee of 2.9% + €0.29 per transaction for micropayments, which is slightly higher than PayPal and Stripe. Skrill also has a minimum threshold of €1 for micropayments, which means you need to accumulate at least €1 before you can cash out.
Payoneer
Payoneer is a payment processor that allows you to receive payments from companies and marketplaces around the world. With Payoneer, you can choose from several payout options, including bank transfer, prepaid Mastercard, and local e-wallets.
Payoneer charges a fee of 3% per transaction for micropayments, which is higher than PayPal, Stripe, and Amazon Pay. However, Payoneer has a lower minimum threshold of $20 for micropayments, which means you can cash out your earnings less frequently.
Best Payout Options for Small Transactions
When of 소액결제 현금화 (Cashing out micropayments), you need to choose the payout option that best suits your needs. Here are some of the best payout options for small transactions:
PayPal Balance
If you use PayPal as your payment processor, you can choose to cash out your earnings to your PayPal balance. This option is ideal if you frequently make online purchases with PayPal or if you need to send money to other PayPal users.
Bank Transfer
Bank transfer is a popular payout option for micropayments, as it allows you to cash out your earnings directly to your bank account. This option is ideal if you need to transfer large amounts of money or if you prefer to keep your earnings separate from your PayPal or Stripe balance.
Debit Card
Some payment processors, such as PayPal and Stripe, allow you to cash out your earnings to a debit card. This option is ideal if you want to use your earnings for everyday purchases or if you don’t have a bank account.
Cryptocurrency Wallet
If you use Coinbase Commerce as your payment processor, you can choose to cash out your earnings to a cryptocurrency wallet. This option is ideal if you want to store your earnings in a secure, decentralized location or if you want to invest in cryptocurrency.
