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ExtraTorrent.cc > Articles > Micro-Payment Service Launched by Pirate Bay Owner

Micro-Payment Service Launched by Pirate Bay Owner

Micro-Payment Service Launched by Pirate Bay Owner

Added: Saturday, August 21st, 2010
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
Peter Sunde, a co-owner of the world’s largest BitTorrent tracker website The Pirate Bay, launches an innovative social micro-payment site that lets users support what they like and help them continue to do their job.

flattr-200x103.png


Flattr, a micro-payment platform, left beta-testing a few weeks ago and already started doing what it was primarily intended to do – enabling users to support people they like, thus helping them to go further with what they do.

Flattr was launched by Peter Sunde, a co-owner of The Pirate Bay, known as the world’s largest BitTorrent tracker website. Now Flattr is the first social micro-payment instrument throughout the globe, which allows people to donate small sums of money – as little as a few pennies – to what they choose to support.

Before Flattr appeared, the only way to donate for people has been using Paypal or any other system to send cash to people. However, the problem was that the threshold for the donation was rather high. This made people simply ignore donating except cases when it was for a truly important cause, while donating a small sum has always been a real pain in the ass. Have you ever met people logging in to a payment system to donate just a penny?

As for Flattr, it works the other way. The users create an account in the system and pay a small fee (€2 per month) as the mandated minimum, which is in fact the sum of their overall donations made within the given month. At the end of the month, this mandated amount gets shared equally among the holders of the Flattr buttons that the user has chosen to push. It’s as simple as it is - at the end of each month the user’s monthly donation gets shared into as many parts as they clicked Flattr buttons saying “donate to …”

Although it has just started operations, the service has already produced quite a decent amount of revenue for a number of websites. For example, the German newspaper website Taz.de has received about a thousand euro last month, which might seem not much in comparison with the overall profit for the website, but considering nowadays newspaper turmoil, it would definitely count.

Anyway, Flattr platform is all about providing you the ability to support what you like, and it does it with the ease you would undoubtedly appreciate.



By:
SaM
August 21st, 2010

Posted by: 
SaM

Date:  Saturday, August 21st, 2010



Comments (2) (please add your comment »)

1
posted by (2010-08-22 02:45:44)
Aether avatarWow, finally they come up with something simple and easy to use to donate a few cents here and there for sites you like. Better than logging into your PP account and donating 5+ dollars to a site you've been on. This is a really cool idea that's actually been put to use.

Thanks for the read, Sam. ET the place to be.

2
posted by Blocked (2010-08-22 04:38:09)
menahunie avatarA great idea and the right step in the correct direction.
Just think?
An "artists" posts their product and they have a button on this service; you like you donate or you can have a seperate section where you would buy an "artists" product.
I can now hear the RIAA's assholes squeaking from the lost money...
EVEN software writers can do the same thing with this service..
The great thing about this guy is he keeps going with a positive attitude iregardless of the screwing over he's gotten..
I would put money down who has the last laugh out of all this "copyright" mess....



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