[patio11]

I am having a total mental block trying to recall the name of the "Donate people money through Twitter" service that was on HN a few times, but I think this is what he meant when he said "Do not take payments lightly."

[Edited to add: Tipjoy. I knew it was T-something but I ran through about 15 combinations of Twit-X before realizing that it was not from that naming convention.]

[tptacek]

They were a YC company, weren't they? Ivan and Abby?

[sachinag]

They were. Ivan's now at Facebook, where everyone assumes he's working on Facebook Payments. Abby's probably doing something even cooler, although IDK.

BTW, Tipjoy never held the money; they were just a front-end for PayPal, so they didn't have the issues that Fundable apparently is having.

[patio11]

Tipjoy never held the money

That does not match with my understanding of their business model.

http://tipjoy.com/faq

Look for their instructions on, e.g., cashing out.

[sachinag]

I guess I only read it early on and didn't see the change. Building a totally new payment system is actually rather impressive.