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Thursday, February 14, 2013

pay by tweet


  The first 'pay by tweet' service has been launched on Twitter, with American `express introducting a service that will allow its cardholders to purchase products simple by sending a short message.

     The integration of a leading payment mechanism into twitter represents one of the most ambitious attempts yet to build e-commerce directly into a social media site.

     Under the arrangement, users who link their Twitter and Amex accounts will be able to accept offers from merchants by tweeting a hashtag included with the offer, CNN reports.

     Provided they also tweet their confirmation to a follow-up message from Amex, the payments company said it would forward their details to the merchant and complete the transaction. Leslie `berlant, head of digital partnerships and development at the payments company, said Twitter itself would not share in any of the transaction revenue from the Amex transactions.

     According to the report, Twitter could benefit from the increased advertising surrounding ecommerce as merchants send out more "promoted tweets" to pubicise their offers, according to one person familiar with the arrangement



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