A platform that has just become available to the public at large, We Pay can be defined as a system for collecting and managing group money. As any administrator or manager will tell you, collecting, tracking and managing money for a group is not only tyrannically time-consuming, but it is actually enervating as anything that involves a large amount of people is.
Balancing the amount of time that is spent reminding members that they have to pay you, actually collecting the payments, keeping up the spreadsheets and sharing account activity information (so as to provide everybody with the transparency they rightly demand) is nothing short of a Herculean task.
PayPal goes some way into alleviating all that, but it has one intrinsic problem: your name is tied to your account, and if you are dealing with more than one group then you won’t be able to keep everything separate (and hence entirely transparent). WePay hopes to get around that by basing everything on the usage of prepaid debit cards, and on keeping different accounts for each group that you are involved with. Everything is still tied to your name, but since everything is kept separate personal transactions won’t confuse anybody. And the fact that you can designate individuals to look after each account also ensures greater transparency.
Group members are also sent automatic reminders when payments are due, and the way everything works (emphasizing communication between members) makes this system end up resembling a kind of Facebook for ecommerce – IE, a site where all the individuals that are connected regarding any given interest can smoothly discuss the financial side of it.
WePay.com In Their Own Words
“Helping groups collect and manage money.”
Why WePay.com It Might Be A Killer
It is just like PayPal with a social bent, making the collective management of money something quick and transparent.
Some Questions About WePay.com
Will it become as widespread as PayPal? 
