Learn more about how WePay can help your fraternity collect dues.

This is a guest post by Griffin Goc. Griffin is a senior at UC Berkeley, and he has been interning for WePay for the past few months. As a former president of Pi Kappa Alpha, Griffin knows a ton about Greek life and fraternity finances. I may be a bit biased, but this is one of the best posts I have read about collecting money for a fraternity – I highly recommend reading it.  Griffin has volunteered to answer any Greek related questions that you have. You can email him at Griffin@wepay.com.

One of the biggest hassles I had to deal with as president of the Pi Kappa Alpha Fraternity at UC Berkeley was collecting dues. After speaking with many other chapter officers, this problem is one that plagues most chapters. Some chapters collect dues the old fashioned way, with treasurers collecting cash and checks and manually depositing them in the chapter’s bank account or spending as they go. Others use Greek-specific billing services like Omega Financial, GreekBill, or Billhighay. From my first-hand experience using OmegaFi to collect dues for my chapter, WePay offers a more convenient, cheap, and transparent means to collect chapter dues. If only WePay had existed while I was president…

Here are the main reasons WePay is better than Greek-specific billing services for collecting fraternity or sorority dues:

1. WePay is cheaper. Every Greek-specific billing service charges your chapter 4-9% of total dues collected, while WePay is only $.50/ transaction, regardless of the transaction size. It could literally save your chapter thousands of dollars.
2. WePay gives your chapter officers more control over billing cycles. With WePay, you completely control your own billing cycles. OmegaFi has rigid billing cycles chapter officers establish when they first start using the service. Bills are only sent according to this predetermined schedule. If chapter officers want to send out additional reminders or comments to chapter members, they are unable to do so. WePay enables you to send bills for any amount, whenever you want. Additionally, members are more likely to respond to a bill coming from their chapter treasurer and/or president rather than some unknown “account manager” from OmegaFi they’ve never met or spoken to.
3. WePay gives chapter finances more transparency. Once OmegaFi collects your dues, they just dump the funds into your chapter bank account –in one lump sum, sometimes a couple weeks after the dues were collected.  Once the money is deposited into your account, members are unable to see how their money is being spent. With WePay’s transaction history, all members can monitor exactly how their dues are being spent, whether it’s paying dues to the national fraternity, funding a party, or planning a philanthropic event. No more confusion or conflict over how the chapter’s money is being used.
4. WePay is easier to use. OmegaFi makes you collect extensive contact information like billing address, phone number, and social security number from every member BEFORE you even start using their service. With WePay, all your chapter needs to do is set up an account on the site to start emailing out bills to chapter members. It’s just as easy as creating a facebook group. No contracts or long-term commitments. WePay also gives your chapter resources like ticketing features and donation pages that OmegaFi either does not offer or charges a premium to use. Once your chapter has created a WePay account, you can sell tickets to your parties and solicit donations from alumni, friends, and family for your philanthropy events using WePay. Finally, other services do not give you tools to spend the money you collect, but WePay allows you to cut checks (through the online interface) and order a Wepay Visa card for your chapter.

Having trouble collecting dues? WePay is free to sign-up.