Faisal KhanAnswered May 11, 2016Simply because the current payment rails were not designed for micropayments. Because the system was not designed to handle micropayments, the cost of doing one is expensive.
Why are micropayment fees often so expensive?
Faisal KhanAnswered May 11, 2016Are there payment methods with zero transaction fees?1 ansWhat fee does ACH (the automated clearing house) typically charge per transaction?1 ansWhat fees do banks pay to connect to ATM networks or per ATM transaction?1 ansHow is the cost of a credit card transaction split among the various parties involved?1 ans