Search results for: Amazon Payments
After three weeks of ongoing dialog, GetGayFunded.com and Amazon Payments have reached a mutual agreement that has re-established Amazon Payments as the funding processor for LGBT projects listed...
GetGayFunded.com, a crowdfunding website for the LGBT community, was effectively and unexpectedly shut down by Amazon Payments on Wednesday, said Adam Kotkin , chief executive officer of Apps...
CEO Eric Hellman issued a statement today:
“Amazon Payments has informed us that they will no longer process pledge payments for Unglue.it, forcing us to suspend all active ungluing campaigns.”...
An Amazon spokesman says, “We support a wide variety of businesses, but we have regulatory obligations as a licensed money services business for how we operate. Unfortunately, Unglue.it’s model...
Here's a quick primer on what you need to know about the crowdfunding payment process from business writer Peter Kelly.
site Cloud Labor / Micro-tasks
Amazon Mechanical Turk (MTurk) is a crowdsourcing Internet marketplace that enables users to co-ordinate the use of human intelligence to perform tasks which computers are unable to do. It is one...
Kickstarter, the New York-based crowdfunding platform for creative projects, is coming to the United Kingdom this fall, the company announced via Twitter.
The speculation about Amazon’s motivations is broad. Some of their statements point towards a shift towards not working with any new crowdfunding platforms. Other statements from them seem to point...
In running an own ad-hoc crowdfunding campaign, Lockitron team knew that they needed to solve the same challenges inherent in Kickstarter’s model for running a hardware campaign. Their solution was...
Crowdfunding giant Kickstarter made its international debut today, officially launching in the United Kingdom. Previously, project creators based in the U.K. could only launch projects if they had a bank account and address in the U.S., perhaps through a friend of colleague. This is because Amazon Payments – the platform’s default payment processing company – does not support non-U.S. recipients.
video Cloud Labor, Distributed Knowledge
This video features Natala Menezes, Senior Product Manager, Amazon; Michael Levinson, VP of Product, oDesk. Topics discussed include: identity verification, bitcoin, foreign and US regulations,...
Can the lack of a public reputation system on Amazon Mechanical Turk be the reason behind the success of current crowdsourcing companies? My analysis points to this conclusion. Unfortunately, this "feature" also leads to a stagnating crowdsourcing market with limited growth potential.
A contentious issue about crowdsourcing, and specifically about Amazon Mechanical Turk, is that wages are very low. It is not uncommon to see effective wages of $1/hr, or even lower. Why is that?
I have argued in the past that Mechanical Turk is an example of a ‘market for lemons’ — good workers are drowning in the anonymity of the crowd. Since the good workers cannot differentiate themselves from bad workers before working on a task, they are doomed to receive the same level of compensation as the bad workers.
Hello all. I have seen that Amazon and Paypal provide workable payment systems for crowdfunding sites. Are there any others that are currently being used or should be used? Thanks in advance for...
Who will be the leaders in payment processing for equity crowdfunding?
Appears Paypal and Amazon will not be participating. Who are the companies to watch?
document Crowdfunding, Open Innovation
The difference between IndieGoGo and Kickstarter are as follows:
1. To receive contributions at the end of the campaign, you have to make or surpass your goal on Kickstarter (all or nothing),...
When developing new web platforms and products we take what help we can get from any expert that will lend a helping hand. Now we have the means to formalize this approach on a pay-as-you-go basis by leveraging any one of the numerous platforms that have sprung up that provide us with access to an unlimited supply of micro workers. Yet, it makes you wonder where this may lead and whether in fact by diminishing the true value of a Like or a Digg, our actions are resulting in a deflationary spiral which is leading to the devaluation of social currency.
I recall a highly talked about presentation (although highly unconventional) by M. Six Silberman whereby he discussed the "Sellers' problems in human computation markets". The basic question: can we protect the workers there from exploitation and from sweatshop salaries? Luis von Ahn posted a similar post on his blog. In the comments of the blog post, someone suggested that the low wages on Mechanical Turk is simply the result of high supply of workers and low demand for their work however I argue that what Amazon Mechanical Turk is today is a market for lemons, following the terminology of Akerlof's famous paper, for which he got the 2001 Nobel prize.
Crowdfunding, Distributed Knowledge, Tools
New crowdsourcing and crowdfunding platforms continue to spring up with astonishing speed. They’re emerging so fast, in fact, that some get lost in the cracks. But don’t worry: we’ve compiled this week’s emerging platform news in one place so you can keep your finger on the pulse of all things crowdsourcing.