Like many people playing in the social networks, I get lots of invites for new Beta tests and other invites for new services out there. And for the most part I keep those things to myself, although I did go nuts and hand out GMail accounts when it first popped out of Beta.
I stumbled across something yesterday that I think is going to be huge and may change the way a lot of us look at micro payments and mobile commerce.
You now how when you’re standing in line at the grocery store and for some reason you’ve left your debit card in your other pants and so you have no way to pay? (That seems to happen to me a lot, but maybe I’m unique.)
Or you’re at a dinner party and the check comes, but you don’t have any cash, and so you end up having to run to the ATM to help split the check because your best friend grabbed the check to put it on his card?
If you can related to any of these examples, then you now how frustrating it is to have to figure out how to honor your obligations without feeling like an oddball.
Well, yesterday I was hunting around and stumbled across SelfBank Mobile, which promotes itself as a way for people to use their shiny new iPhones to pay for something on the go. From what I can gather it’s tapping into that growing force of cell phones to make it as easy as texting a payment to a merchant or zapping money to your friend across the table at dinner. The site describes tapping into Facebook, MySpace and other social networks to extend the micro payment model.
You just send money using your cell phone! Remember when PayPal showed us how to pay for auction stuff on eBay and we all went nuts because it was so easy? This is like that moment.
Now, here’s the good part. The company is coming out of a whisper phase and will soon be in Beta. They haven’t gone public yet! However, they are accepting a few testers through private invitations. You have to know somebody to get in and I was lucky enough to snag my own beta test invite: Go here for your invite.
Here’s the best part, especially if you like money. The company is giving every user who signs up for a free user account $100 and it’s giving merchants $500 for setting up a merchant account. Most of the Beta tests I’ve been in have not involved paying me to test the product. I’m told the company is using the incentive money to attract merchants and they are paying people to join to extend the reach of the service.
Check it out and let me know what you think of this model and whether paying someone to test out a service is really going to help them attract merchants. I wonder if the virtual worlds will find this attractive, or if soon I won’t have to worry about putting on the wrong pair of pants before I go to the grocery store.








