TwitPay Helps Amazon Battle PayPal

Monday, 30 March 2009 at 5:09 am Pacific USA Time.

This morning, from a tweet (Twitter message, for you uninitiated :) ), I found out about TwitPay, which is TwitPay.ME and not .com. It's interesting, but I think it needs a few tweaks before it'll really take off…

It's really easy. If my company just did a change to your eBay listing template, and that was a $50 change, you can tweet, "@aswas twitpay $50 for template change." TwitPay will then use Amazon Payments to make that payment. You use the TwitPay to "settle up," which I assume means connecting your Amazon Payments account to TwitPay, or maybe you have to approve each transaction. I'm honestly not sure about that detail yet.

Amazon Payments takes their cut, which is a bizarre matrix of fees. For every payment 99 cents or greater, TwitPay takes a nickel for their role in the process.

I think it's interesting that the people building this new services chose Amazon and not PayPal. They could have integrated both, and asked which one you want to use. And they could have picked PayPal. But they didn't.

I was never able to get anybody into the idea of sending me money with PayPal through their mobile phone. Both Amazon and PayPal allow you to register your mobile phone, and then send payment to somebody if you know their mobile number or email. Nobody ever did that. Every client I had went to the PayPal website even though it WOULD be shorter to text, "send 50 to [my PayPal email address]" to 729725. Yet nobody seems to do it!

I wonder if tweeting money to people will pick up. My theory? It will once it's done through DM'ing the TwitPay service. Using "@" means that the payment is public, and you've just typed in someone's email address in a place in a public place that can be scraped for spam lists. So I don't like that. Anybody following me or reading my public timeline would see how much I paid and to whom.

So to TwitPay, the only problem I see so far is that one nice thing about people and companies paying each other is that it's a private transaction. You're making it public. Make it through the Twitter direct message system, and I think you have a shot. The convenience could be worth the nickel.

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Categories: That's Good Marketing

Comments Closed

One Response to “TwitPay Helps Amazon Battle PayPal”

  1. Eddie says:

    You can also send Paypal to a Skype contact – I have never had one, and not sure how many either know about that function or actually use it ?
    It seems there are more and more ‘new’ apps piggy backing onto existing electronic/emoney payment services, when as you have pointed out, most will prefer to go direct to that emoney website and send.