More about Amazon FPS

Amazon FPS suits’s commercial needs very well in more than one way.

Firtsly, not only does FPS have solid support for micro-payments … but it is even capable of viably doing transactions of less than 5c! That’s quite revolutionary in online payment systems.

A payment of 4c, for example, will incur a commission of 20% of the transaction amount, with a minimum fee of $0.0025 …. which comes to 1.05c.

Ok so that’s a little bit more than a quarter of the payment. But compare that to PayPal, which takes around 2.9% + $0.30 USD …. which means that a 4c payment would cost 30.116c.

Secondly, Amazon FPS is what is known as a marketplace solution. That essentially means that I could delegate payments (of tips) directly to the ambisonic content uploaders.

Currently, the aim is to hold onto any tip payments and then once they reach a sum large enough to be able to absorb transaction fees, pass then on to the uploaders.

With Amazon FPS, could instantaneously take a small commission, then pass the bulk of the sum onto the uploader. The uploaders would then have a kind of real-time dashboard of how many tips they are pulling, and be able to withdraw those tips immediately.

And it woudln’t be that hard to code up (from where I am now).

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