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WePay Offers A Simplified Group Payments Platform

  • Thomas Oppong
  • May 16, 2011
  • 1 minute read


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.

Thomas Oppong

Founder at Alltopstartups and author of Working in The Gig Economy. His work has been featured at Forbes, Business Insider, Entrepreneur, and Inc. Magazine.

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1 comment
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