App monetization service Metaps released the closed beta version of SPIKE, a no commission online payment credit service that does not require any installation and can be set up in under a minute, as claimed by the company. SPIKE is an online payment service free of all commissions and transaction fees, and there are no additional setup fees or monthly charges, lowering the cost for companies, especially small and medium-sized ones which are operating on a low profit margin. Implementing online payment solutions into web sites and apps usually requires programming support. SPIKE was designed for individual and small business owners who have avoided online payment services because of the trouble caused by background checks, high commission rates, and difficulty of installation. Likewise, SPIKE will offer a paid “Premium Plan” with no cap on monthly sales, with plans to eventually transform it into a freemium service as well.