Collecting money from people for a group purchase is never an easy task. Somebody is always short on cash, somebody always needs change, and somebody is always claiming they already paid their share when they haven’t actually contributed a dime. Buyvite is a web-app that takes the pain out of collecting group payments by moving the entire process online.
Let’s say you’re planning a trip to Aruba with some friends. Rather than putting the entire trip on your credit card and then calling each person individually to get reimbursed, you can log on to Buyvite and launch a new group purchase before making any travel reservations. Tell Buyvite who you want to collect money from, how much each person should contribute, and what the money is going towards. Buyvite will immediately invite your friends to sign up for its service through email, Facebook, or text. When each person in your group has made his or her financial contribution, Buyvite will send the money your way. Have the funds your friends have contributed deposited directly into your bank account, or request a special coupon code from Buyvite that can be used on any one of the web-app’s partner sites.
Among the many useful features included with Buyvite is a dashboard, where group organizers can see who has given money to their cause and who has declined to contribute. The dashboard page is also where organizers should go to make adjustments to their group purchase amounts or invite additional people to contribute.
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