This is about two months late, but because I’ve been writing about micropayments as a way to make money online, particularly using BitPass (also here), I thought I should still share this announcement that I received back in late January 2007:
Bitpass is Discontinuing Operations
Dear Valued Bitpass Merchant,
We want to thank you for your past business, however due to circumstances beyond our control, we are discontinuing our operations.
We have partnered with Digital River to provide operational support during the period prior to shut down. As of today, January 19, 2007, all Bitpass Buyers with US dollar denominated accounts are being notified that they will have seven (7) days to spend any amounts that currently exist in their Bitpass Account.
During this seven day period, US Buyers will not be able to add additional funds into their account.
On January 26, all US Bitpass Buyer accounts will be closed and we will begin the process of refunding all unspent monies to the accountholder.
Bitpass Merchant Accounts will be available for viewing until February 28, 2007. At that time any funds that you have on account or owed to you will be refunded or paid. All account records and materials will be retained for 60 days and available upon request.
Again we would like to thank you for your business and support.
Matthew Graves
Chief Operating Officer
Bitpass Inc.
I guess, this is another proof for naysayers of micropayments. And, while I did start off in the “pro micropayments” camp, I’m beginning to doubt its viability on a small scale basis as well.