A micropayment is a small financial transaction made online, typically for digital goods or services, that involves a minimal amount of money. These payments are often used for low-cost items such as e-books, music downloads, or in-app purchases. Unlike traditional payment methods, micropayments allow for quick and convenient transactions without the need for credit cards or bank accounts. They are typically processed through specialized payment systems and can range from a few cents to a few dollars. Micropayments have become increasingly popular in the digital age, providing a cost-effective way for businesses to monetize their content and for consumers to access a wide range of digital products and services.