title = "About" ^L {% extends templates/about.html %} {% block page %}
Gittip is a way to give small weekly cash gifts to people you love and are inspired by.
Gifts are weekly. The intention is for people to depend on money received through Gittip in order to pay their bills, and bills are recurring.
Gifts come with no strings attached. You don't know exactly where your gifts come from, and the maximum gift from one person to another is $24.
Gifts are public. The total amount you give and the total amount you receive is public. Participants on both sides of the equation are rewarded publicly for their participation. (You can opt out of publicly displaying your total giving.)
Gifts are distributed every Thursday. Gifts come out of your current balance (the money people have given to you), and if that's not enough, Gittip can charge your credit card to make up the difference. We add an additional 30¢ + 3.9% fee when pulling money in from your credit card, to cover credit card processing (as well as hosting and other expenses). We also charge you no less than $10 at a time, to minimize credit card processing fees. Any extra remains in your account to be used next week. Recipients get the full face value of your gift to them. If you give someone $3, they will have $3 in their Gittip account every Thursday until you run out of money.
For example, let's say that you have $2.00 in your account, and you are set up to give $1.00 each to 20 people. Here's what we will charge your credit card on Thursday:
$ 1.00
x 20 people
$20.00 total gittips
-$ 2.00 current balance
$18.00 amount needed
+$ 0.30 fee
$18.30
x 1.039 fee
$19.02 amount to charge
-$18.00
$ 1.02 total fee
Participants in the U.S. can connect a bank account to have funds deposited weekly (less a $0.30 fee). It takes one business day for deposits to clear, so generally they will clear on Friday. We're working on automated payouts outside the U.S. Right now they're handled manually—contact us as needed—with postage and/or fees charged at cost.
We're building Gittip openly and in public, and you're welcome to join us. Here is how to get involved:
We also use Skype and Google Hangouts to talk by voice and/or video. Our Freenode chatroom is the launching place for these conversations.
GitHub and Freenode are great ways to get in touch (see just above). You're also welcome to contact Gittip's founder, Chad Whitacre, via @whit537 or email or by phone at +1-412-925-4220, or visit him at 716 Park Road in Ambridge, PA, 15003, USA.