Browse Definitions :


BitPass is a micropayment service that facilitates online content access transactions by integrating the processes involved in buying and selling content, and making it practical to charge very small amounts of money. In the BitPass system, transaction fees are paid by the content provider. For payments under $5., the charge is 15% of the cost. Micropayments are by definition very small sums, so the fee is usually just a few cents. For the content buyer, the BitPass system works similarly to a pre-paid telephone card: you sign up for the service and put money into your account using a credit card or PayPal, which gives you credit towards the purchase of content. When the user agrees to pay the cost of access, their account is charged automatically rather than through a link to an external Web site for payment.

Although the micropayment concept has been proposed for several years, it's been a hard sell. After all, most online content has always been free, and people are naturally opposed to paying for anything they might reasonably expect to get for nothing. However, at least part of the reason that content has been free is likely that no one's found a viable way to get people to pay for it to this point.

This was last updated in September 2005

Continue Reading About BitPass

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.


File Extensions and File Formats

Powered by:



  • computer worm

    A computer worm is a type of malicious software program whose primary function is to infect other computers while remaining ...

  • Single Sign-On (SSO)

    Single sign-on (SSO) is a session and user authentication service that permits a user to use one set of login credentials (e.g., ...

  • Certified Information Systems Auditor (CISA)

    Certified Information Systems Auditor (CISA) is a certification issued by ISACA to people in charge of ensuring that an ...



  • business continuity plan (BCP)

    A business continuity plan (BCP) is a document that consists of the critical information an organization needs to continue ...

  • disaster recovery team

    A disaster recovery team is a group of individuals focused on planning, implementing, maintaining, auditing and testing an ...

  • cloud insurance

    Cloud insurance is any type of financial or data protection obtained by a cloud service provider. 


  • VRAM (video RAM)

    VRAM (video RAM) is a reference to any type of random access memory (RAM) used to store image data for a computer display.

  • Kilo, mega, giga, tera, peta, exa, zetta and all that

    Kilo, mega, giga, tera, peta, exa, zetta are among the list of prefixes used to denote the quantity of something, such as a byte ...

  • flash memory

    Flash memory, also known as flash storage, is a type of nonvolatile memory that erases data in units called blocks.