Why Online “Tip Jar”-Style Payment Systems Don’t Work

Flattr wants to build a “tip jar” payment system, but history is littered with those who have tried failed. Why don’t online tip jars work? The founder of Tipjoy says it’s hard to get people to pay for things they aren’t already used to paying for.

Twitpay Sells for $100K, Will Be Used for Charity Fundraising

Twitpay, a service that facilitates payments by users who publicly state who they want to send money to on Twitter, has been bought for $100,000 by investors led by Acculynk CEO Ashish Bahl and Morgan Keegan investment banker Keith Meyers, according to the Atlanta Business Chronicle.