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February 15, 2011 6:50 AM   Subscribe

What is the easiest way to collect money from a group of people?

Fantasy baseball season is just around the corner (finally!), and I have been appointed treasurer for our league. This means it is up to me to collect everyone's dues, as well as doling out the prize money in October. Last year we had some hiccups with late payments, people sending cash/checks through the mail, etc. I want to make this as simple and pain-free as possible, so that my fellow managers have no excuse not to cough it up. Ideally this would be a website that they don't need an account to use, and one that also accepts credit/debit cards. If the money can be held in a common account, and then given out later, that would be awesome.

I've googled a bit, but can only seem to find charity-related websites.
posted by kidsleepy to Work & Money (9 answers total) 3 users marked this as a favorite
 
1. Set up an account at ING or some other free online bank.
2. Set up a Paypal account tied to that account.
3. Deposit funds as they come in, dole back out at the end of the season.
posted by COD at 7:12 AM on February 15, 2011


how much money you dealing with, with paypal if its under a certain amount, you don't have to take out money.
posted by fozzie33 at 7:14 AM on February 15, 2011


I don't remember the name(s) but not too long ago I read about a new service (or services?) for roommates to easily split bills and pay their shares to each other online. Perhaps such a service could be utilized for your needs.
posted by Jacqueline at 7:20 AM on February 15, 2011


Yeah, paypal sounds like the way to go. You can use it to pay by debit or credit card without having an account.
posted by teraspawn at 7:23 AM on February 15, 2011


https://www.wepay.com/

"WePay is the best way to collect money from other people." I haven't used it myself, though.
posted by zeek321 at 7:35 AM on February 15, 2011


$25 per person, 12 people in the league, plus we are penalizing last place $50 (in order to keep people from bailing on their teams in July).

Can anyone speak for WePay?
posted by kidsleepy at 8:32 AM on February 15, 2011


I haven't personally used WePay, but a friend is a big fan of it.
posted by COD at 9:04 AM on February 15, 2011


I used EverBank for this purpose, but ING or Ally would work equally as well. Dead simple to set up, as long as someone is willing to be the name on the account.
posted by stoneweaver at 10:47 AM on February 15, 2011


I've used Wepay several times, mostly for shared vacations. It you to get the funds in the form of a Visa card, which you can use for purchases; that way, nobody "owns" the money and everything's transparent.
posted by snickerdoodle at 10:57 AM on February 15, 2011


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