Usually means: Small, in-game, optional purchase items.
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We found 6 dictionaries that define the word microtransaction:

General (5 matching dictionaries)
  1. microtransaction: Merriam-Webster
  2. microtransaction: Wordnik
  3. microtransaction: Wiktionary
  4. Microtransaction: Wikipedia, the Free Encyclopedia
  5. Microtransaction: World Wide Words

Computing (1 matching dictionary)
  1. Microtransaction: Encyclopedia

Definitions from Wiktionary (microtransaction)

noun:  (economics, video games) A transaction for a very small amount of money (a micropayment).

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