Jan 6 2010
What is WePay

WePay is yet another payment tool and it is an all new different experience to see how it branches itself in setting up the payment accounts.  It allows creating unique account that is insured by the FDIC (Federal Deposit Insurance Corporation).   It allows creation of accounts for anything.  This allows managing the personal transactions easily.  Since groups could be created using this, transactions for the entire group could be viewed.  But the personal transactions also could be maintained.  But if one wants to share the company’s or a organization’s transactions with the group then it could be done without having the worry of the personal transactions being shown.  This is a great advantage of this.  The site also gives controls to specify who could have the access to these histories.  This site enables payment from another end to be made to a particular account by using a credit card or even direct account transfer.  Submission of checks is also permissible.

If the payment from a particular person is not made even after sending a mail then the site automatically sends a reminder to the concerned person.  WePay is a winning company as it has a solution to a problem which many people are dealing with.  They have also proved ways to make money doing it.  It is being used by the various clubs, organizations to send bills and collect money.  It is used to spend money transparently.  It is not a tool that could be used by organizations alone; it could also be used by friends and individual as it simple and flexible.

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