The Next Web

» Send Payments Via Twitter: Twitpay – The Next Web

   

Send Payments Via Twitter: Twitpay

andrewhyde Written on 21st November 2008                                                                                                              9 COMMENTS some text
Andrew Hyde, Startup Enthusiast, Power User of Many Things, Community Organizer

Send Payments Via Twitter: TwitpayTwitpay, which launched yesterday, is a way to send money with Twitter.

It turns twitter into a command line to make payment promises.  For instance, to send this fine blog some money I did this:

@nextweblog twitpay $10 for being a kick ass blog

Twitpay will then index my tweet in a Twitpay account.  They track all the money that has been sent to and from this account with the ability to cash out or donate the money to a TwitPay charity.  You can cancel a payment up to 30 minutes after you tweet it out, by sending a direct message to their account.  Twitpay charges $.05 for sending amounts over $1 and users will occur the usual PayPal fees.  Their FAQ helps quite a bit.

What is unique about Twitpay is that it doesn’t require the user to signup, if you have a twitter account, you are ready to go.

It was created at Startup Weekend Atlanta.

9 Comments »
About the author: Andrew Hyde is the Community Director of TechStars, a seed stage funding incubator for startups. He has founded 4 startups including Startup Weekend and VCwear. He lives in the outdoor and startup mecca of Boulder, Colorado, which means he writes when most of The Next Web's readers are asleep. Follow Andrew on Twitter or see his LinkedIn and Blog for more information.

9 comments/trackbacks to “Send Payments Via Twitter: Twitpay”

  1. Mar 4, 2009: Get yourself a Twitter ‘Nose Job’ for $9.90 for Red Nose Day | My Profile Makeover™

    [...] Send Payments Via Twitter: Twitpay (thenextweb.com) [...]

  2. By Alper Çuğun on Nov 21, 2008

    We at Tipit.to ( http://tipit.to ) provide a free service (just the Paypal charge, and we’re switching to a new payment provider) to enable tipping and we already implement deep Twitter integration for both sending and receiving money using Twitter.

    We have been busy for over a year providing a tipping site to the internet and we are currently being used by several large sites (and many many more small ones) for their voluntary contributions.

    Reply

    By Alper Çuğun on November 24th, 2008:

    Here’s our FAQ entry about it: https://tipit.to/faq#twitter

    Reply

  3. By Mark on Nov 21, 2008

    are you sure about twitpay allowing you to “cash out”…I don’t think you can get money out of it

    Reply

    By Andrew Hyde on November 21st, 2008:

    From what I understand you can can cash out after you have $10.

    Reply

  4. By Mark on Nov 21, 2008

    unless it changed since yesterday, twitpay only allows u to send money to charity, or another twitpay user, there was no cashing out

    Reply

    By Andrew Hyde on November 21st, 2008:

    This is in the FAQ, which leads me to believe their is some way to get your money out.

    “Since Sally has the $10 minimum required to cash out, she could spend her Twitpay balance.

    Twitpay charges 3% + $0.30 in a cash out fee to recover charges from PayPal™ when you fund your account.

    If Sally decides to spend her balance she will have $11.34 to use toward an Amazon™ gift card or a Twitpay charity. Sally could instead use her entire $12 to give to others via Twitpay.”

    Reply

  5. By Mark on Nov 21, 2008

    it tells you right there, “Amazon gift card, twitpay charity, or send to other twitpay user”…no cash out

    Reply

    By Alper Çuğun on November 23rd, 2008:

    So then bettetr just join us at Tipit.to. We are happy to have you cash out starting at €20 or equivalent.

    Reply

Post a Comment


Add your button here too.
Only €99 a week (100.000+ pageviews = less than € 1 CPM!)
Upload your button now.




Copyright 2006-2009 © TheNextWeb.com - Entries (RSS) / Comments (RSS)