Twitpay Launches, Uses Amazon Payments
blog.twitpay.me
blog.twitpay.me
And, now, your Twitter account can have money in it?
Besides the obvious question of "is this really useful?", which I presume the answer for a lot of people is: "Yes! You can show off you paid someone... on TWITTER!!!!", it seems to me having funds tied to a Twitter account is a big mistake. Like Facebook, the default login is not secure, upping the ante for sniffing a cleartext password from just denting your social life to liquidating whatever funds you've put in your Twitpay account.
How bad are Amazon Payments fees? I can see this becoming more expensive that it's worth with .05 + some percentage on top.
You don't have to settle up immediately, though. We see this being really useful for people who pay each other back and forth. Run a tab with your friends, and only settle up when one of you needs the cash.
And yes...the Amazon Payments setup is a little rough. We're giving them feedback to see if we can smooth it out a little.