Quick Pitch: WePay makes it easy for groups to collect and manage money online.
Genius Idea: Simple tasks like paying the rent each month can turn into a massive headache when you're dealing with various roommates' schedules, pay days and issues like, "Who's going to spring for the stamps this time?" That's where WePay comes in. This payment product allows users to collect, manage and spend money -- all in one, digital place.
WePay, which has been in private beta for the last six months, launches tomorrow, at which time you can create an FDIC-insured account that you can then share with people in your club, group, apartment, work place, etc. Once everyone has joined, you can send out electronic bills to the members of your group, which they cay pay either via credit card or their bank accounts.
After collecting the money, you can pay your landlord/novelty t-shirt supplier/pizza guy with a WePay VISA prepaid card, paper checks or electronic transfers. It's free to sign up, but there is a small transaction fee included. Also, make sure you choose a responsible person to head up your group -- the creator of the group is in charge of the money and is the sole cardholder on the WePay Visa card.
The service also keeps forgetful people on their toes by sending out reminders and alerting the group creator when members have ponied up. In addition, WePay allows you to create more than one group -- so you can use the service to plan a much-needed group jaunt to somewhere sunny, as well as a work dinner.
We here at Mashable are into any services that make our hectic lives easier -- especially with the first looming on the horizon. Rent day is no April Fool's!
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