Here’s the official word from TextPayMe:

TextPayMe service is now powered by Amazon Payments!

This new service allows you to send and receive money through both your mobile phone and the TextPayMe website. Once you have registered with the new TextPayMe service, you can make secure payments from your mobile phone and the website to most US mobile phones or email addresses. TextPayMe does not charge any fees to you or the recipient when you send a payment using the new TextPayMe Service. For the next 60 days, you may continue to access your existing TextPayMe service to send and receive money with other existing TextPayMe users. We are working very hard to enable you to move your balance over to the new service as soon as possible. In the mean time, you can signup for the new service at http://textpayme.amazon.com. Once we are ready to move your existing balance over, you will be notified that your existing TextPayMe balance can be transferred.

Below are answers to some commonly-asked questions:

What is happening to TextPayMe?
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We have redesigned TextPayMe to use the Amazon Payments platform. The new site is available at http://textpayme.amazon.com. You can sign up for a new account at the new site today. In addition to sending and receiving money on the website and on your phone, you will also be able to instantly withdraw your money into an Amazon.com Gift Certificate. This means that you will have faster access to your stored value in your account.

What about my existing TextPayMe balance?
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You can continue to use the old TextPayMe service for the next 60 days. We are working very hard to complete our upgrade service so that you can transfer your existing TextPayMe balance over to the new system. If you do not wish to migrate to a new TextPayMe account, you should withdraw or use your balance in the next 60 days.

How do I login to my existing TextPayMe service?
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Effectively immediately, users visiting www.textpayme.com will be redirected to the new service. Users who signed up for TextPayMe service prior to 10/2/07 can access their account at http://legacy.textpayme.com.

Can I have an account in both the legacy and the new TextPayMe Service?
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Yes, you can have two accounts in both the legacy and the new TextPayMe service. It will not affect the upgrade process at all. In fact, you are encouraged to signup for the new service to try it out. For a limited time, we are offering a $5 signup bonus for the new TextPayMe service.

Please visit www.textpayme.com for more information on the promotion.