Send Payments with Twitter
March 4, 2009 by Admin · Leave a Comment
These days I have am watching closely mobile payments and I also have been following Twitter too. This led me to find Twitpay.
Twitpay is a new way to send funds using Twitter which is a messaging system that allows people to communicate in 140 characters or less. They announced yesterday that they are “out of beta and putting it out there for everyone to use.“
Twitpay is currently powered by Amazon Payments which allows users to send money online to any mobile number or e-mail address. They have some other really interesting features too, but this post is about Twitpay and not Amazon Payments.
“Twitpay was created during Atlanta Startup Weekend 2, an experiment in entrepreneurship designed to conceive, develop and launch a fully functional company within 54 hours.” – from Twitpay’s FAQ’s
Right now you can use Twitpay by sending payments in any increment between $0.01 and $50.00. They charge a nickel everytime you make a Twitpay over $.99.
Simple and I must say brilliant!
I have continued to claim that I believe the payment processing industry will eventually operate from our mobile devices and this is just one more nail in the coffin for these old out date POS Terminals/debit cards/credit cards to be retired for good.
Twitter, messaging, and micro-blogging is what our younger generations are comfortable with (and us old folks will get comfortable with these technologies too). Services like Twitpay are current and I think we will only see more options like this the future.
Twitpay jokes on their FAQ page that they built this business because “Because Silicon Alley Insider said it was a billion dollar business. A billion dollar business sounded good to us.” this fictional insider may just be right. I know I wish I thought of the idea!
BTW, if you are a Twitter user (if you not you probably will be soon) you can follow us at: @card_processing
