Company Overview

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Status:
Acquired by Amazon
Founded:
December 1, 2005
Founders:
Philip Yuen, CJ Huang, Gerald Yuen
Headquarters:
Redmond, WA
Funding:
$0
Categories:
Messaging

TextPayMe is an SMS payment service that allows users to send money to others using text messages.

Description

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Founded in 2005, TextPayMe is an SMS payment service that lets you send money to other people using cell phone text messaging. TextPayMe lets you send money to anyone else in the US with an SMS-capable cell phone, and while phone carriers may charge for the actual text message sent/received, sending and receiving money is free while TextPayMe remains in Beta.

In July 2006, the TextPayMe team started working for Amazon and, as of 2011, the site redirects to an Amazon's mobile payment website. There was no press release related to this event but it's assumed the company was acquired.

Sending and receiving payments through TextPayMe is easy: simply write a text message to [email protected] with "pay amount phonenumber" in the body (i.e. to send $5 to 123-456-7890, text "pay 5 1234567890"). The service is secure as well, as each payment needs to be confirmed by a user-created PIN. To... See More

Current Team (3)

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Products (1)

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Funding Rounds (1) - $0

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Investors (1)

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  • 53204721d16c944526ae033cd8cb17c2

    Y Combinator

    Y Combinator is a seed accelerator that provides financing services and business consulting to..

Offices/Locations (1)

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  • Office

    Redmond, WA

    USA

Competitors (5)

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    PayPal is a global online payment and money transfer service that allows users to pay through the..
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    obopay

    Obopay is a mobile application that allows consumers and businesses to purchase, pay, and transfer..
  • 1f74e5f55e7c89fe6bf30660d03a00ce

    KushCash

    KushCash is a payment system that allows users to make cash transactions from anywhere via mobile..