Social commerce and Twitter fundraising
American startup Chirpify implemented an interesting idea for the so-called “T-commerce”, where Twitter is tied to a PayPal account, and then used as a platform for making payments and as a showcase. Direct payments and sale / purchase of goods are supported.
The easiest way to explain this is by example. Let's say from the seller’s point of view it looks like this
1. We publish a tweet with a photo of the product and price.
2. Followers respond to a tweet with the word "buy" (@yourbrand buy).
3.Profit .
3. Money is automatically debited from their PayPal wallets and transferred to your wallet, a check and order are made out, as in a regular online store.
The store can sell products without even opening its own website. The highlight of "T-commerce" in the network effect: you can first "monetize the followers", and then hope for retweets, which also generate profits. Imagine how many music albums or books a singer or writer can sell if he decides to sell his work directly via Twitter to millions of followers.
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Chirpify takes a commission for its services. The choice of three tariff plans . In the basic “free” version there is no monthly fee and the seller simply pays 4% of the turnover. On the second tariff with a monthly payment of $ 49 per month, the commission is reduced to 2%. There is also a “corporate” tariff with zero commission, but here the subscription fee has not yet been set up, agree with each individually. Apparently, a startup has no such client yet.
For large merchants, Chirpify can integrate with an existing e-commerce platform.
The platform can be used to raise funds for a political campaign or donations for other purposes. For direct payments between users, there is a standard commission of 2%, and for donations - 0%.
Registration in the service is simple in two stages:
1. Bind a Twitter account.
2. Link PayPal Wallet.
In the case of unauthorized access to Twitter, the payment can be challenged and refunded using the standard procedure for PayPal.
via Mashable
The easiest way to explain this is by example. Let's say from the seller’s point of view it looks like this
1. We publish a tweet with a photo of the product and price.
2. Followers respond to a tweet with the word "buy" (@yourbrand buy).
3.
3. Money is automatically debited from their PayPal wallets and transferred to your wallet, a check and order are made out, as in a regular online store.
The store can sell products without even opening its own website. The highlight of "T-commerce" in the network effect: you can first "monetize the followers", and then hope for retweets, which also generate profits. Imagine how many music albums or books a singer or writer can sell if he decides to sell his work directly via Twitter to millions of followers.
')
Chirpify takes a commission for its services. The choice of three tariff plans . In the basic “free” version there is no monthly fee and the seller simply pays 4% of the turnover. On the second tariff with a monthly payment of $ 49 per month, the commission is reduced to 2%. There is also a “corporate” tariff with zero commission, but here the subscription fee has not yet been set up, agree with each individually. Apparently, a startup has no such client yet.
For large merchants, Chirpify can integrate with an existing e-commerce platform.
The platform can be used to raise funds for a political campaign or donations for other purposes. For direct payments between users, there is a standard commission of 2%, and for donations - 0%.
Registration in the service is simple in two stages:
1. Bind a Twitter account.
2. Link PayPal Wallet.
In the case of unauthorized access to Twitter, the payment can be challenged and refunded using the standard procedure for PayPal.
via Mashable
Source: https://habr.com/ru/post/138290/
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