Very informative article. I have one thing to point out for all that start clicking links in this article. The link for TwitPay is NOT http://www.twitpay.com. If you are wanting to check out TwitPay it IS https://twitpay.me/
Again, very informative article, never would of heard of it it if wasn't for this.
Adam Ostrow
· 4 months ago
thx, fixed the link
Jason Moffatt
· 4 months ago
I'd like to know what "micro payments" means? I'm not really in the business of doing things "micro" myself.
Stacy
· 4 months ago
Thanks for the heads up. PayPal certainly is evolving.
barringtonarch
· 4 months ago
the new split payments will be great, can't wait.
cmsa
· 4 months ago
What's the timeline?
Ben Parr
· 4 months ago
Public in November.
Llama Money
· 4 months ago
It's novel for sure. But I dunno if making all those paypal payments public is really the way to go. But Paypal needs to do something new and exciting, so what the hell, let's see where this takes them.
m00n The Myth
· 4 months ago
This sounds great anyway and more ways for people to easy pay for content, services, programs, games, music and movies or whatever possible. Will help devoliping the net much easier. Lack of money to spend on the net keeps the creaters from putting an effort to it. Not because they are lazy just can't work for free as anyone else.
m00n The Myth
· 4 months ago
Adding: Lack of money on the net keeps the future from happening. Why it's still is soo hard to pay or getting paid on the net wonders me. So much that i really looking for a answear any id'ees or ansear would be great. thkz.
m00n The Myth
· 4 months ago
Adds: In a time when people park their car at the drive way when the garage opener don't work instead of open the door manually. They should be more intrested of doing the right thing if they only had to push the garage opener button. But on the net that feature seems to be forgotten?
AskJamesHolmes
· 4 months ago
Ben - This is very interesting. When look look at the results (and benefits) for the user of platforms like Firefox, Twitter, i-Phones, and others opening up to to new API is a big win for consumers of these products and services. As a competitive business strategy it is a winner because it is a game changer and a deft move for Pay Pal. I have personally have always had great experiences with Pay Pal, but I have heard a few stories which has opened the door for the competitors your reference here.
Very interesting. I am really looking forward to testing this.
Noah Thomas
· 4 months ago
I had no clue about any of this, especially Twitpay. Thanks.
DJ NightLife
· 4 months ago
They keep 15% of the sale amount! Damn! Is it the same fee with straight Paypal ?
Michael D. Ivey
· 4 months ago
The 15% fee is only for our RT2Buy service, where we host and deliver the content. We've been talking about lowering that price, or adding a monthly subscription price with no transaction fees.
For person-to-person payments, we only charge a nickel.
One of the very cool things about PayPal X is that it allows businesses like Twitpay to offer premium services beyond payments, and charge a fee for those services.
Happy to discuss more, as well.
-- Michael, @ivey, Twitpay CEO
Method_Paul
· 4 months ago
Michael - are you guys going to create an API so that other developers can use Twitpay? Of course, we could just go directly with PayPal X, but I could see it being nice to let our users pay eachother via Twitter.
Paul
Coretta Jackson, MBA
· 4 months ago
Interesting development.
Bryan Johnson
· 4 months ago
I think the big story in all of this is the following: the major Card Brands such as Visa, MasterCard, American Express and Discover have done an exceptional job over the years building a global network of cardholders and accepting merchants to facilitate commerce. It’s now a global standard. They have built substantial barriers to entry for others (look at Revolution Money who has raised around a $100 million to try and penetrate the U.S. market).
Collectively, the internet, globalization, social networks, and mobile phones have been shifting the payments landscape and reducing these barriers. It’s the wave that Paypal and other innovators have been riding and has turned what was a potential threat and minor scratch for the Card Brands into an open wound.
I think the big story in all of this is the following: the major Card Brands such as Visa, MasterCard, American Express and Discover have done an exceptional job over the years building a global network of cardholders and accepting merchants to facilitate commerce. It’s now a global standard. They have built substantial barriers to entry for others (look at Revolution Money who has raised around a $100 million to try and penetrate the U.S. market).
Collectively, the internet, globalization, social networks, and mobile phones have been shifting the payments landscape and reducing these barriers. It’s the wave that Paypal and other innovators have been riding and has turned what was a potential threat and minor scratch for the Card Brands into an open wound.
I think the big story in all of this is the following: the major Card Brands such as Visa, MasterCard, American Express and Discover have done an exceptional job over the years building a global network of cardholders and accepting merchants to facilitate commerce. It’s now a global standard. They have built substantial barriers to entry for others (look at Revolution Money who has raised around a $100 million to try and penetrate the U.S. market).
Collectively, the internet, globalization, social networks, and mobile phones have been shifting the payments landscape and reducing these barriers. It’s the wave that Paypal and other innovators have been riding and has turned what was a potential threat and minor scratch for the Card Brands into an open wound.
This is awesome news. Can't wait to see the new PayPal X. From what I understand that way, it would be possible to override the daily limit by sending to multiple accounts owned by the same person. Cool :)
All Comments
Again, very informative article, never would of heard of it it if wasn't for this.
Thank you for the excellent post!
James
http://Twitter.com/AskJamesHolmes
For person-to-person payments, we only charge a nickel.
One of the very cool things about PayPal X is that it allows businesses like Twitpay to offer premium services beyond payments, and charge a fee for those services.
Happy to discuss more, as well.
-- Michael, @ivey, Twitpay CEO
Paul
Collectively, the internet, globalization, social networks, and mobile phones have been shifting the payments landscape and reducing these barriers. It’s the wave that Paypal and other innovators have been riding and has turned what was a potential threat and minor scratch for the Card Brands into an open wound.
http://www.braintreepaymentsolutions.com/blog/P...
Collectively, the internet, globalization, social networks, and mobile phones have been shifting the payments landscape and reducing these barriers. It’s the wave that Paypal and other innovators have been riding and has turned what was a potential threat and minor scratch for the Card Brands into an open wound.
http://www.braintreepaymentsolutions.com/blog/P...
Collectively, the internet, globalization, social networks, and mobile phones have been shifting the payments landscape and reducing these barriers. It’s the wave that Paypal and other innovators have been riding and has turned what was a potential threat and minor scratch for the Card Brands into an open wound.
http://www.braintreepaymentsolutions.com/blog/P...