Internet payments for items costing from a few cents to approximately a dollar are called _____.
A) double spending
B) micropayments
C) money laundering
D) chargebacks

Question

Quizplus · Accepted Answer

Micropayments refer to small payments made over the internet for very low-cost items, usually ranging from a few cents to a dollar. Double spending refers to fraudulently spending the same digital currency twice. Money laundering refers to the process of making money obtained through illegal means appear to be legitimate. Chargebacks refer to the reversal of a payment made to a merchant by the bank or credit card company in cases of disputes or fraudulent activity.

Internet Payments for Items Costing from a Few Cents to Approximately