WePay was founded by Bill Clerico and Rich Aberman in August 2008 when they observed that collecting money is a struggle for groups of all sizes — from a group of friends splitting the cost of a ski house to a fraternity collecting membership fees and soliciting donations.
They also realized that people collecting money have two options: hold shared funds in a personal bank account or go through the trouble of setting up a separate bank account. Maintaining transparency and sharing account activity information with group members is was also a challenge.
WePay allows users to keep their group’s money in a dedicated account, and to share this account with their group. The service is great for roommates, clubs, organizations, fantasy leagues, teams, and much more.
How it works
Create a free account and you can start sending out bills in seconds. They’ll handle the rest – processing the payment, keeping track of who has paid and who still needs to cough up, and even sending them reminders.
You can start accepting donations for just about anything – no paperwork required!.You can also sell tickets to your events. With WePay, you can send money directly to your bank account, or order a debit card that works just like any ordinary debit card.