August 24, 2016
Twitter Continues to Test Payments
Aug. 11, 2014
It appears Twitter’s plans to implement a payments function are continuing. Reports from multiple users indicate the presence of a “Payments and Shipping” option in the settings of Twitter’s Android mobile app. Last month, many users of the social network’s mobile app reported seeing a “Buy Now” button that, presumably, would enable purchases from within a Tweet. That button was connected to the shopping site Fancy, but was not functional for most users. The “Payments and Shipping” option also does not seem to be connected to any sort of actual purchasing opportunity, but the company is notable for testing new features with a small number of users.
For now, the company has no comment on its e-commerce and payments ambitions, but Twitter CEO Dick Costolo has talked about it in the past.
“It’s particularly interesting in areas where you’ve got things like perishable inventory, like tickets,” Costolo told CNBC in 2012. “We observe that and are paying attention to that, and are thinking about the kinds of ways we could participate in that value exchange.”
Twitter also announced last month it had acquired CardSpring, a payments infrastructure provider for mobile-commerce businesses.