Looks like there are many of these fund raising widgets out there, barrier of entry is pretty low. Change.org, for example, has a pretty vibrant community. With all these choices, it will be hard for ChipIn to charge.

One differentiator for ChipIn is that Chipin donor’s money goes directly into the recipient’s account, much like PayPal’s Donate Now button. This makes donation easy, but it also makes Chipin nothing but an eyecandy tool. If Chipin wants to make money, it has to turn into a middleman in order to tag on a service fee. But then it will need to deal with fraud (albeit low in the charity world) and fund disbursement. Also any new comer can come in and cut it at its knee. Without a community like Change.org, ChipIn remains to be a tool and may not worth much more than the $1M seed money it has raised.

– If the company isnt affecting 1 out of every 10 Techcrunch users –

– no review …..

– If the company hasnt released a working anything ( IE POWERSET)
NO FREAKIN REVIEW!!

thanks, RB

1. Create Facebook application for collecting money
2. Don’t charge any fees
3. ???
4. Profit!!!

Just like every other startup with no business plan.

Information on the launch of a new widget allowing users to accept micropayments on Facebook….

Micropayments may work but I fail to understand how doing it through Facebook is the answer. The only people in a position to make micropayments work would be someone with mass scale themselves that already had a lot of credit card numbers – namely Amazon.

Between going ga-ga over stupid Facebook applications that impact an entire 0.00000001% of the world and bemoaning Last.fm’s not joining the “National Day of Silence” I don’t know which one to have an orgasm over first! Oh my goodness!

It’s really sad that TechCrunch has nothing to talk about anymore.

Same idea those who hold or move the cash collect it whats stopping any of us from starting are own bank?

go to web search item before BUY!

http://www.reviewitem.com

If you’re going to write an obnoxious post, at least have the balls to use your own name.

Aloha. Chipin charges no fees for the service. We currently offer Paypal as the payment mechanism and they charge their own fees. Additional payment services will be offered in the future. Chipin widgets are more than just a Paypal link as each one tracks number of contributors and total number of dollars collected. We will soon release a “contributors” list so facebook users can easily track who has given. Lots more features coming to make Chipin an effective tool for Facebook users to collect money from their friends. Our team is coding as fast as they can