Microcommerce

What Does Microcommerce Mean?

Microcommerce is an e-commerce business model that involves payments of very small amounts, or micropayments.

Advertisements

It is the selling and purchasing of online goods, products and services, which are very inexpensive and are usually priced at $5 or less.

Techopedia Explains Microcommerce

Microcommerce is an emerging business trend within the e-commerce. It works similar to e-commerce, but the product prices generally do not exceed $20. Typically, microcommerce involves purchasing online goods such as content, songs, wallpapers, e-books and more. The payment process between the merchant and the buyer is managed through an online payment processor, or through the mobile operator (in case of mobile payment). Since the products and services are low priced and targeted for general individuals, microcommerce is primarily a Business to Customer (B2C) model.

Advertisements

Related Terms

Latest e-Commerce Terms

Related Reading

Margaret Rouse

Margaret Rouse is an award-winning technical writer and teacher known for her ability to explain complex technical subjects to a non-technical, business audience. Over the past twenty years her explanations have appeared on TechTarget websites and she's been cited as an authority in articles by the New York Times, Time Magazine, USA Today, ZDNet, PC Magazine and Discovery Magazine.Margaret's idea of a fun day is helping IT and business professionals learn to speak each other’s highly specialized languages. If you have a suggestion for a new definition or how to improve a technical explanation, please email Margaret or contact her…