Comment by littlecranky67
9 months ago
SEPA (and all other sorts of payment processors) don't work for micro payments, because no one wants to forward a 5cent payment, or they will charge another 20cent as a fee. We had the WebPayments API fail over exactly this.
What do you mean?
I just tried transferring 0.01€ and it showed 0€ in transaction fees.
Not sure what you're on about.
Because you are a private entity. Buisness Accounts usually charge per transfer, even incoming (i.e. my german Postbank business account charges 0.10€ for every INCOMING transfer).
And if you start receiving hundreds of 0.01c transfers into your private bank account, you will receive a friendly phone call from you bank very soon.
Ah so what you are saying only applies to business accounts. Your originally post did not make that distinction.