Send Payments Via Twitter: Twitpay

Twitpay, 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.

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It was created at Startup Weekend Atlanta.

Story by Andrew Hyde

Andrew Hyde is the Community Director of TechStars, a seed stage accelerator for startups (mentorship and a small amount of funding for grea (show all) Andrew Hyde is the Community Director of TechStars, a seed stage accelerator for startups (mentorship and a small amount of funding for great teams). 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. He is founder of Startup Weekend and VCwear. Follow Andrew on Twitter or see his LinkedIn and Blog for more information.