Monday, March 17, 2003

To Micropay or not to Micropay...?, an expert advice web site where knowledge is traded for expert advice or cash announced on March 15 that it is changing its minimum per answer fee from 10 cents to 1 dollar per question or article.

"While we are committed to the micropayment concept" said our CEO, Chris Kalaboukis "The time is not right for micropayments. Internet culture, being what is has become due to the distortion of the first wave of dot.coms, perceives sub-dollar charges close enough to free to be of low value. By increasing the minimum fee, we further differentiate ourselves from free services, and frankly, improve expert response rates by making it worth their while"