PayPal’s micropayment system now open to the public

With the success of iTunes and the App Store, folks have probably noticed that paying $0.99 for items isn’t too big a deal and now PayPal’s micropayment solution has been opened up to game developers, media publishers, or anybody interested on selling digital content on a global scale. The solution was first unveiled back in October and it’s touted to offer a competitive fee structure for micropayments, which is 5 percent plus 5 cents for purchases under $12. The micropayment solution only requires two-clicks, which should make it fairly easy for consumers to part with their money in small doses. PayPal claims that an online magazine saw a 75 percent increase in new customers signing up with the beta version of the micropayment system.