Twitter's Rocky Relationship with Money Movement
Published December 13, 2012 3:13 PM
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Updated October 20, 2016 10:53 AM
1 Min Read
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Wolfe, Daniel
Poker Face
Milne also tried to get the attention of Justin Bieber and Lady Gaga with $1,000 gifts. Each superstar has over 30 million followers.
Wolfe, Daniel
Taking It to Takei
Twitter payment service Chirpify similarly tries to get the attention of the rich and famous, including "Star Trek" and "Heroes" star George Takei.
Wolfe, Daniel
Follow the Rules
It also responds to everyday users when they encounter snags with its system, which allows users to make payments and donations by responding to Twitter messages.
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Belly Up?
There are no guarantees of success in Twitter payments. One earlier entrant had to abandon its business model, and another never made it out of beta
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Wolfe, Daniel
Twitpay
This tweet-to-pay service suffered from a "busted business model," the Atlanta Business Chronicle reported in 2010, when Twitpay's founders sold its assets to investors for $100,000. The Twitpay Twitter account hasn't posted a message since February 2012 .
Wolfe, Daniel
Twippr
Twippr is an acronym for "TWItter Payment PRocedure." The word for sending money through its service is "Twip." It uses PayPal to fund such payments. It was created in 2008 and remains in beta, according to its website . The Twippr Twitter account hasn't posted a message since 2010 .
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Hands Off
Some companies, particularly banks, have taken a "look but don't touch" approach to Twitter and money movement. Instead of allowing customers to move money directly, they use Twitter more for instructional purposes, promoting payment systems in other channels. (Image: ThinkStock)
Wolfe, Daniel
Eyes of Isis
The mobile-pay venture Isis doesn't enable payments over Twitter, but its @PayWithIsis account is responsive to the needs of users in its test markets as well as farther-flung payments enthusiasts eager to try the system.
Wolfe, Daniel
Tongue Tied?
Banks typically are limited in their ability to respond over Twitter, due to regulatory concerns. However, they can use Twitter to communicate simple instructions for using their services.
