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Twitpay.me | Twitter Commerce: Send payment or Sell product via Twitter

www.twitpay.me

www.twitpay.me

Twitter, a simple micro blogging platform has already proven its power to be socialized and become a pioneer in social media industry. Lots of third party services are running based on twitter & many of them doing better business. Developing twitter applications also a hot trend for developers current days. New ideas are generated and services are unveiled day by day.

Twitter lovers always waiting for what next with twitter. Imagine about the days , you are making payments just by a single tweet. A RT (re tweet) will purchase you a product. Interesting?

Yeah, those interesting days are no more future. Trading on twitter that is buying or selling on twitter is most probably one of the latest idea with twitter. Which lets online entrepreneurs to send payments or sell products via twitter. Twitpay.me & PayPal .com has made it possible. Twitpay.me allows you to make payment on twitter which is PayPal backed.

The original version of Twitpay (the one that went into beta in November 2008) was based on PayPal. Consumers funded their Twitpay account by making a PayPal payment to TwitPay. This approach had all sorts of problems, many of which the TwitPay team alluded to in their announcement. PayPal was an easy way to get the money into a TwitPay account, but left TwitPay responsible for, well, almost everything else.

Twitpay Balance

Twitpay Balance

The concept is as simple as posting a tweet that reads something like “@mrsohel twitpay $1 because Twitter is awesome”.
Twitpay will keep a nickel for every transaction over a dollar and then PayPal has their own fee structure. You can settle up one by one on the site or settle everyone at once with a simple click.
You must follow Twitpay on Twitter to get your activation pin and then it uses your following them to send notifications of payments.

Easy Signup

To get signed up, just hit http://twitpay.me/account/claim and punch in your Twitter username. Twitpay will send you a PIN via direct message (you must be following the @twitpay account prior to doing this) that you can use to confirm your account. Notice you’re not giving away passwords anywhere.

Twitpay Signup Page

Twitpay Signup Page

Simple payments process

Twitpay works seamlessly with the way you currently interact with Twitter. If you know how to use @ to send replies, then you already know how to use Twitpay.
Say for example that you want to give $5 to Evan Williams (CEO of Twitter) via Twitpay because you love Twitter so much. All you need to do is use the Twitter website or a Twitter client and enter:  @ev twitpay $5 for great service
You can send a payment in any increment between $0.01 and $1000.00.

Want to sell stuff on Twitter?

Now, with RT2BuyTM(www.rt2buy.com), you can instantly engage with your audience. You upload your content: music, ebooks, pictures, videos. You tell your followers about it. They buy it. We deliver it.

www.rt2buy.com

www.rt2buy.com

According to Mashable guy Benparr-
“RT2Buy is like an iTunes for Twitter. You create your account, upload content, and offer it to your Twitter followers. Say I was offering a new song I write for $0.50 cents, I could tweet out “Check out my newest song ‘Mashable Rocks’ just $0.50; RT2Buy http://rt2b.me/xxxxx” and anyone who RTed that message will have purchased the song, after it’s confirmed via Twitpay and Amazon Payments. Once payment is complete, Twitpay uses a direct message to deliver the content.”

What’s the story behind Twitpay?

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. A team of folks wanted to create a payments solution that integrated seamlessly with the way Twitter users already use Twitter. The result was Twitpay, a simple way to send payments in 140 characters or less.

Curious? Want to know more, read their FAQ.

Now let’s watch what Twitpay founder talking about the service at a PayPal event-

- http://electronicworkshop.net/payment-processors/twitpayme-twitter-commerce-send-payment-or-sell-product-via-twitter" target="_blank" rel="nofollow" title="Array">Array
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