How it works?

It works using a two step approach. The paying and receiving of payments are done from the Twitter itself. In the Background, Twitpay makes  a note of the transactions and store it. Later you can visit Twitpay and discard or settle all your Transactions. Twitpay uses Amazon Payments to settle the transactions.

Sending and Receiving Payments

• Use Twitter Website or any other Twitter Client and send your Payments to any friends. Use the following format.

@Friend Twitpay $20 for Movie Tickets

• This does not work with people having Protected Updates. So you have to Unprotect your Updates in Twitter
• You can send payments between $0.01 to $1000 in any increment. Twitpay charges a nickel for payments above $0.99

Settling the Transactions

• When you send a Payment, Twitpay make a note of the transaction on your and recipents Twitpay account.
• Claim your Twitpay Account from their site
• In case you want to cancel a transaction, remove it from your Twitpay account
• When you want to clear the transactions and make the payment, Twitpay will take you to Amazon Payments and let you complete the transaction. Its as simple as that.
• You can view your receive funds at your Twitpay.me Account at -> http://twitpay.me/yourtwittername

Personal Thoughts

It is a nice concept. Basically they ahve manage to use the popularity of Twitter and the ease of use of services like Paypal/Amazon Payments. It works great. Its secured. And the all transactions are handled by a trusted brand like Amazon. What more do you want..??

Share your opinions with us. Have a nice Day..!!

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