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September 25, 2012 07:50 pm GMT
The service has a slightly different focus than some of the crowdfunding platforms that have sprung up as of late, like CrowdTilt for example (which the TechCrunch team used this summer). Unlike those services, PayByGroup isn't about raising money for a cause with everybody throwing in what they can. Instead, it's meant to streamline the still somewhat cumbersome process of getting a group of people together to purchase a big-ticket item, like a vacation rental. In in thesescenarios, group organizers often have to play the role of the "bad guy," awkwardly having to remind people to pay them back for the money they fronted, or wasting time trying to collect everyone's share while the item - maybe awesome front-row tickets to a favorite band - gets sold out.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/kP5aye6ENwI/
No More Awkward You Owe Me Money Reminders: PayByGroup Lets Friends Split Group Purchases
The service has a slightly different focus than some of the crowdfunding platforms that have sprung up as of late, like CrowdTilt for example (which the TechCrunch team used this summer). Unlike those services, PayByGroup isn't about raising money for a cause with everybody throwing in what they can. Instead, it's meant to streamline the still somewhat cumbersome process of getting a group of people together to purchase a big-ticket item, like a vacation rental. In in thesescenarios, group organizers often have to play the role of the "bad guy," awkwardly having to remind people to pay them back for the money they fronted, or wasting time trying to collect everyone's share while the item - maybe awesome front-row tickets to a favorite band - gets sold out.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/kP5aye6ENwI/
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