Twitpay, the service which allows you to initiate payments to any user via Twitter, has just come out of beta and is now available for anyone to use.
The concept is as simple as posting a tweet that reads something like “@ev twitpay $1 because Twitter is awesome”. In partnership with Amazon Payments, you can send anything from $0.01 to $50.
Twitpay makes its money by charging a nickel for any transaction over one dollar. When someone chooses to make a payment, Twitpay makes a note on both the sender and recipient account.
It’s an interesting project and it will be interesting to see if people begin to use it. Another way of setting up a tip jar, perhaps? I’d be a little dubious about using the service for purchasing services or goods, though it could potentially be used that way too.
What do you think of Twitpay?