WePay Brings More Money into the Payment
By Azam on March 31, 2010
WePay is a payment system that allows groups to have individual members contributes to a single payment. This would simplify the collections of money online and ability to make the payment in a single amount to be paid.
WePay aggregates payment online and issues a debitcard for payment. This allows an individual to separate account to be used for a group and use of email into a single centralized system to issue payment. Te system will send out reminders for individuals to make timely contribution for payment.
WePay would be useful in group settings and associations organized around interest to combine individual’s funds for a larger payment. You may have a club that goes to an outing a needs to make payment to a certain venue. There are likely be other applications for teams of individuals to make payments in a similar fashion.
WePay is backed by industry leaders from PayPal such as Max Levchin and other notable Angle investors. PayPal alum Dave McClure is also onboard, as are Paul Buchheit, Ron Conway, Mark Goines, Andrew McCollum, Joe Campanelli, and Angus Davis. WePay is a YCombinator backed firm form the program
Categories : TechTags : Dave McClure, Max Levchin, Payment System, PayPal, Steve Chen, WePay, YCombinator