You need micropayments. Banks and creditcards don't do those (and the WebPayments W3C API proposal failed due to that) because there is not much money to make in micropayments. It is not feasible to answer customer service calls for $0.0005 charges, or issue bank statements and follow regulations for transfers in the sub-cent area. That is why they charge minimum fees for each transaction, i.e. $0.30 per transaction.
If I understand the regulations in the US correctly, don't micropayments, implemented like this, just create absurd reporting requirements for the parties involved, instead of the facilitator of the transaction?
Unless I'm confused, it seems like for a US taxpayer, this mechanism would require that their federal income tax return include, either on an 8949 or an attached statement, an itemized list of every single transaction they made for every single search over an entire year.
> It is not feasible to answer customer service calls for $0.0005 charges
Does accepting payment in crypto exempt a merchant from local customer-service requirements?
Yes. I run a website, I don't have customer service. I could put it behind a x402 page with my ToS, meaning you see nothing until you pay me - and once paid, it is irreversible. No need for customer service. You can sue me through legal proceedings but if I win, you pay my legal fees.
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That you chose an irreversible payment method doesn’t exempt you from any regulations about customer service.