Tipit.to scheme

Tipit.to was created by three Dutch students; they have created a “tipping system” that works similar to a PayPal donation system, the difference is that visitors can donate any amount of money no mater how small.

You add the “Like it? Tip it!” button to your website, people that like your articles can tip (donate) any amount of money they like. People that donate can pay Tipit.to once the total amount of donation exceeds $3 or $4; then Tipit.to gives you the tip. If a person donates small amounts all the tips are stored in his account until the total reaches $3 or $4 at that moment they are asked to pay the amount they donated. So if you get a $0.1 tip from one person and after that the person doesn’t pay Tipit.to you get nothing.

Tipit.to doesn’t seems a good way of making money, because this website is very easy to game, for example one of your visitors sees the button, signs up to Tipit.to, makes a $2 donation that he will never pay, then he makes another account and another donation, you get all excited, hoping that the people that donated money reach the $4 mark so you can get paid and after months of waiting noting happens, and you get a depression when you see that all was just a lie.

This website could be used to promote a blog, all the website that get tips are featured on the front page, so a person that wants to play with the system could create an account, add the button to his blog, then make another account that tip $2 the first account, and this actions will get him on the first page of the website.

Disadvantages: Tipit.to uses PayPal for transactions; you get paid if you have a minimum of $40 in your account. They take a 7,3% fee from every donation and payment, so at the end Tipit.to gets paid two times, and every time the money pas through PayPal they apply a fee.

Using the PayPal donation button is a beater way of making and receiving donations, when someone makes a donation through PayPal you will get paid.

This seems to be a get rich quick scheme, even if it isn’t.