YouTipIt
YouTipIt is an online community service that enables you to directly reward people for content they have created.
The concept is essentially the same as that of the busker or street musician: they put their work in a public forum and the public then decides to reward them if they feel it is deserving.
Those who wish to tip may add funds by either sending Bitcoins to their eWallet with the site or by adding funds using credit card through ClickAndBuy, a third party payment network. Funds added through ClickAndBuy may be spent as tips immediately however those tips must stay within the YouTipIt system for 45 days[1]. Additionally, those in Germany, Austria and Spain can add funds using a bank transfer[2].
Escrow Tipit
In addition to being able to send a tip to any user with a tipit badge, an escrow tipit may be sent to any user on Facebook. An Escrow tipit sent is held in Escrow until the Facebook user claims the tipit[3].
History
The site underwent a rewrite and the switch to the revised software occurred on May 16th, 2011[4].