Via the newly introduced feature, users will be able to set up a WePay account, send invoices via e-mail and collect payments.
WePay already offers a ‘Bills’ feature which has been used by individuals, groups and organisations for membership dues and shared expenses, but the new invoicing tool is aimed at merchants and contractors. Users are allowed to customise colour schemes, add company logos, add late fees, invoice multiple recipients at once and set up recurring invoices. WePay will charge a 3.5 percent service fee for the actual payments.
The company has also revealed plans to launch mobile applications in 2012.
WePay is backed by investors and payment entrepreneurs, including August Capital, Max Levchin (the founder of PayPal), Ron Conway (early investor in Google, Facebook and Twitter) and Eric Dunn (former CTO and CFO of Intuit).
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