New solution launched for friends paying for things as a group
A new online service called ‘Payumi’ launches today to transform the often embarrassing and painful experience of collecting money from friends or colleagues when paying for things together.
These social situations are very common and often cause hassle, embarrassment and stress – and can even leave the organisers out of pocket. Payumi has been designed to make it easier and more efficient to collect money from friends or colleagues for a wide variety of social situations where people need to share the cost, such as housemates collecting money for shared bills and rent or a friend collecting money for tickets to a gig or festival, the costs of a group holiday, a stag or hen weekend, a gift for a colleague at work or fees for a sports club. All these situations can cause difficulties and problems out of proportion with the event itself.
In fact most people have at some point experienced the frustration, awkwardness and waste of time involved in chasing up and keeping track of payments from a group of friends or colleagues. Payumi removes all of these issues and makes collecting payments simple, quick and painless.
As people increasingly connect with others and organise their social lives online, building a solution to solve the problems of collecting payments for social activities online makes perfect sense. Payumi is fully integrated with Facebook and all payments on the site are handled via PayPal, making it easy for anyone to get up and running quickly and without having to share each other’s banking details. Only the person collecting the money needs a Paypal account while their friends or colleagues can pay with a debit card, credit card or PayPal
Charges for using Payumi are simple, low and transparent. Individual payments up to £20 are free. Above this there is a charge of between 50p and £2 depending on the size of the individual amounts being collected. The person collecting the money can choose whether to absorb these as part of the total being collected or pass the fee onto their friends or colleagues.
Payumi has been thoroughly checked and proven through a public ‘beta’ test and today launches fully to the general public in the UK. Anyone over the age of 18 can sign up for free at Payumi.com.
Khurram Farooq, Founder and CEO of Payumi said, “In these times of increasing online social connectivity, it’s astonishing that we still continue to organise group finances by emailing round bank details or worse still collecting cash and cheques. Payumi solves a large and growing consumer need – for an easy, reliable and cost effective way to track and manage group payments. If you ever have to collect money from a group of your friends or colleagues, you owe it to yourself to use Payumi.”
To find out more or register free to use Payumi, visit payumi.com.