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Microtransaction

Quick Definition

A microtransaction is a purchase where you buy in-game items and optional features (such as a reskin) with real money. Sometimes these can be worth it, but sometimes it's just a money sink and therefore a bad investment.

These are normally found in MMOs, but some companies are experimenting with having these in regular games.

Recently, I've been seeing studies that are finding young children can't distinguish between advertisements and actual content. The younger the child, the more likely they won't be able to tell the difference. This may explain why so many stories have been coming up in the news about children spending hundreds or thousands of dollars playing games with microtransactions: they can't tell if something is an actual purchase or just normal gameplay.