Palo Alto, CA (PRWEB) October 21, 2013
WePay, the simplest way for platforms to accept payments, today announced it is processing up to $1.5 MM per day in crowdfunding, powering 6 of the top 15 crowdfunding marketplaces. In addition, the company now boasts more than 30 crowdfunding partners using its API including GoFundMe, Fundly, Fundable, YouCaring and Honeyfund. WePay is experiencing a huge spike in crowdfunding processing numbers:
WePay has heavily invested in the development of its API platform, leveraging its years of experience directly working with small merchants. WePay's API offers a great user experience to a marketplace’s end-users, while letting those partners avoid the operational downsides of fraud, compliance and support.
"We took our years of experience underwriting small merchants and are delivering that experience to our crowdfunding partners through our API," said Bill Clerico, CEO of WePay. “I think that’s where crowdfunding is growing the fastest – in giving literally anyone the power to accept payments online.”
In particular, WePay’s API is designed to allow for high merchant and payer conversion while also taking on the burdens of fraud and operations for these platforms. Example benefits for these marketplace platforms include:
WePay, the simplest way for platforms to accept payments, is leveling the playing field for the new, bottom up economy by disrupting traditional payment models. Through its platform API, WePay empowers marketplaces and apps serving small merchants to enable payment transactions for their users.
WePay has processed transactions for more than 150,000 merchants and boasts well-known partners, including GoFundMe, CustomMade, Bookfresh and Soldsie. The company’s customer service team recently won the 2013 Gold Stevie award for its outstanding work with customers.