WePay is an online payment service provider based in the United States. It provides an integrated and customizable payment solution, through its APIs, to platform businesses such as crowdfunding sites, marketplaces and small business software companies. It also offers partners fraud and risk protection. WePay was founded by Rich Aberman and Bill Clerico in 2008 in Boston, Massachusetts, and is now headquartered in Redwood City, California. The original inspiration for WePay occurred to Aberman when he had difficulty raising money for his brother's bachelor party. Aberman had to collect $4,200 from 14 friends spread across the United States to pay for bottle service at a club, rent at a Florida beach house, and food. Through a series of cash, checks, and PayPal money transfers, Aberman was eventually able to collect the money he needed. Aberman found the process very burdensome and believed that there should be an easier way to collect money from people. After studying PayPal's weaknesses, Aberman asked Clerico to help him to solve this problem and create WePay. More information...
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