WePay – Collect Payments From Your Friends

Everyone’s been there. You do a nice thing by paying for the limousine your friends are renting or paying for the new uniforms your son’s team is buying, with the expectation of getting reimbursed by everyone in the group at a later date. Of course, the reality of trying to collect money from a dozen or more people can be daunting, and rarely do such transactions go off without a hitch. Now, an application called WePay aims to simplify the situation by offering a secure way for people to give and accept money online.

Whether you’re collecting dues from your fraternity brothers, selling tickets to a school dance, or accepting donations on behalf of a charity, WePay has got you covered. Sign up for an account and then decide how you want to collect your money. If you’re collecting money from your friends for the hotel rooms you just booked using your credit card, then you’ll want to start by requesting payments from each person. Include the reason you’re requesting money, a short message, and the email addresses and amounts for each friend who owes. Once the bill has been sent out, WePay will take control and handle the rest. Payments will be processed, records will be kept, and follow up bills will be automatically sent to your friends – all without any effort on your behalf.

When all of your friends have paid, WePay will transfer the collected money to your bank account or send you a prepaid Visa debit card that can be used in stores or ATMs around the world. Although WePay does charge users a fee for the bills they send out, these fees are generally less than what competing websites charge. When all things are considered, WePay is an application that a lot of groups could find useful when collecting money and making payments to friends.