Many websites and blogs rely on ads or subscriptions to earn revenue. Often, this revenue is insufficient, leaving website owners discouraged despite their content being interesting and helpful. If users will give them micro-payments or tips for their content, website owners will feel compensated for their work and content creators will be motivated to produce more high-quality content for the website.
Website owners can add monetization to their websites using rel="monetization" HTML element. When it's added to the web page, it means that the website can receive payments. Web monetization also has two features. One is small payments. This means that users are solely tipping the website as a token of their appreciation so it doesn't mean they have to pay large sums of money. Another feature is no user interaction. It means users don't have to interact with any website owner or message that asks them to pay the money. Users can control how much and when they want to make a payment on the website.
Payments will happen automatically so the users can support the website while consuming the content without any interaction. This will allow users to have a seamless experience on the website. Web Monetization on Chrome is still underdevelopment and not a W3C standard yet. Google’s goal is to make it a W3C standard which will eventually happen once web monetization is completely enrolled.
Read next: Top Global Payment Methods Ranked by Transactions Per Second
by Arooj Ahmed via Digital Information World
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