Thursday, December 18, 2008

Send Money Through Twitter With Twitpay - Bits Blog - NYTimes.com

When the going gets weird,…  See the full article for more details.

Twitpay is a start-up that aims to allow people to send small payments through Twitter. To do this they include the recipients’ username in their message. For example, posting the update “@johnsmith twitpay $10 for lunch” would deliver the cash to that Twitterer’s Twitpay account. The company monitors the public stream of messages for the keyword “twitpay” and facilitates the exchange. You replenish your Twitpay account using a site like PayPal. Once recipients have accumulated more than $10 in their accounts, the balance can be cashed out in the form of an Amazon gift card. For all transfers exceeding $1, Twitpay will take a flat cut of five cents.

Send Money Through Twitter With Twitpay - Bits Blog - NYTimes.com

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