Archive for the ‘General’ Category

How to Make Your Fantasy League Memorable and Enjoyable

Friday, May 14th, 2010

Fantasy FootballThis is a guest post by Christopher Connolly, a close friend and an early supporter of WePay.  Chris has more than 10 years experience as a commissioner of over 30 fantasy leagues, and has some pretty valuable lessons to share. Learn more about how WePay can help you collect money for your fantasy football league.

After reading raberman’s post on How to Plan a Great Fantasy Football League, I thought there were a few areas where I could elaborate and a few things I could add.

First and foremost, fantasy sports is a game, and a means by which old friends can keep in touch, even over vast distances.  I’ve retained some of my best friends from high school, going on 10 years post-graduation, thanks to our shared fantasy sports leagues.  Some of my most valuable friendships were fostered and carried on via fantasy sports.  As commissioner – you have the power to make a league so enjoyable that it can carry on for years and survive numerous life changes on the parts of your co-managers.  Take every opportunity to embrace your role and foster a fun, competitive environment for everyone involved.

My fantasy sports career kicked off slowly over a decade ago.  A busy high school student at the time, I didn’t know what this “Fantasy Baseball” even was when my friends recruited me into a startup league.  It didn’t take long to catch the bug.  I caught it so severely, in fact, that I would soon take the commissioner reigns of our annual baseball and football leagues and never look back.

Because I was a pretty terrible player in my formative fantasy years (some would argue that nothing has changed), I realized my true calling was as commissioner, making each season a memorable one for all participants.  I quickly realized that the commissioner can single-handedly make or break a fantasy season.  While I’ve dealt with my fair share of controversies – from managers hacking each other’s accounts and dropping entire teams to collusion, for the most part I consider my career a success.

Over the years, I’ve come up with a few principles I feel are essential to making your league successful, memorable, and most importantly, enjoyable, and have been asked to share those with you.

It’s all about the draft

There is little doubt amounts fantasy diehards that draft day is the best/most important day of the year.  These diehards are right.  Pre-draft, every manager is so full of promise and excitement, and its your duty as commissioner to embrace this excitement.  Luckily, that’s not too hard.

It’s not always possible, but I highly recommend hosting a live, in-person draft.  I’ve done my share of online drafts, and they will never compare to the excitement and camaraderie fostered when 10+ people congregate to draft for a fresh fantasy season.  Start early- I try to set a date for our draft three months before the season starts.  Whether your league mates are juggling school, work, or a family- planning ahead is the only way you’ll find a date that works for everyone in the league.

If you are lucky enough to have a live draft- congratulations.  Now there’s plenty you can do to boost your credibility as a commissioner.  Be prepared- poster board or a pre-made draft board are key to keep the draft organized and moving quickly.  Slow drafts are the bane of any league’s draft, and it’s your responsibility to keep things moving.  Every league has their slow drafters- but solid police work should keep that in check.  Throw in some food and beverages, and you’re well on your way to a great season.

Draft day is my single favorite day of the year- to me, there’s nothing better than 10 guys crowded in someone’s living room, fumbling with draft research while shouting out names for 4+ hours.  Basically, try to make it like the scene in Knocked Up before Debbie busts in on Pete’s draft.  A little planning goes a long way.

Be Invisible

Now that the league is drafted and the season is underway, the hard work is just beginning.  It’s easy to get caught up in the power wielded by a commish (who knew that approving trades in a fake league could feel so empowering) but you must resist the temptation to be heavy-handed and aggressive.  Remember, you are but one member in the league.  Other than approving trades and keeping an eye out for suspicious behavior, you are on equal footing to every other manager.  Blend in, be inconspicuous, and let the league develop on its own.  Manage personalities when you have to, but otherwise, you’re there to make sure everyone has a good time – not to be their nanny.

Be Consistent & Committed

There’s nothing worse than a commish who has double standards.  If you have the power to approve trades, do it consistently.  Don’t approve your own trades immediately, and then wait three days to approve your opponent’s.  You have to hold yourself to a higher standard than the rest of the league, particularly if there is money involved.

Accepting the role of commissioner brings with it tremendous responsibility.  You alone are in charge of approving trades and keeping an eye on the rest of the league.  Be vigilant in preventing collusion and prevent managers from giving up.  It may take anywhere from a few minutes to an hour a day, but you must devote considerable time to taking care of your baby.  Respond to emails and league messages.  Let people know what you think of their trades.  Foster conversations to keep the message board lively and get all the managers involved.  Like a plant, your league needs food & water to survive.  Don’t let it wither and die.  What an awful metaphor, but it’s fitting.

Incentivize

It’s important to keep all your managers involved throughout the season.  By the time midseason rolls along, many of the teams in your league could already be eliminated from contention.  You need to prevent them from giving up and tipping the balance of power even further in the leaders’ favor.

I’ve found two successful ways to accomplish this.  The best way is to implement a booby prize of some sort.  In my leagues, the last place team has to buy the food and drinks at the following year’s draft.  So far, it’s worked wonders in keeping the last place teams involved.  In fact, the most exciting part of the last few weeks of the season is watching teams try harder than ever to stay out of last place.  We’ve had photo finishes for last place, infinitely more exciting than the runaway victory by our first place manager.

And while this is obviously more common, there needs to be an incentive to finish in the top few places.  Prizes don’t have to be monetary- in the early years of my leagues, the pride earned from winning trumped any money we could have won.  However, there will come a time when even pride won’t cut it anymore.  Managing a successful fantasy team takes an inordinate amount of time, and channeling my inner economist, there’s a time value we have to associate here.  Find a way to reward your managers for sacrificing their lives and jobs for the good of your league.  But keep it reasonable – this is only a game, nobody should ever be stressed out about the outcome of a fake game built around a sport.

Mind your Finances

If you do decide on a monetary prize, I’ve learned some valuable lessons over the years.  First, collect the money up front.  It makes everything much neater as the season progresses, because if you don’t have everyone pay by draft-day, you’ll inevitably forget who has paid and who hasn’t, and you’ll have a mess on your hands.  Plus, the “pain” your other managers feel by dishing out the money ahead of time is the most effective motivator you have, this will get them playing with more intensity, your ultimate goal.

The best way to encourage your fellow managers to pay up is to punish them for failing to do so.  A lot of online leagues give the commissioner power to block managers from posting messages or changing their team name.  These are quick and easy ways to inflict a little pain on a deadbeat manager.  If this fails, don’t hesitate to shame the manager publicly for not paying.  Never underestimate this power.

This final point I can’t stress enough:  Being commissioner does not entitle you to run a ponzi scheme.  The entry fees you collect are not an interest free loan.  I’ve fallen into this trap.  Sitting on $1,000 in league entry fees, post-draft at a casino (admittedly, it was my fault for putting myself & the league in that situation), resist the urge to bet the league’s money on a craps table.  And if you get lucky and double the league’s pot, put it in the bank immediately.  I went through a few-year stretch where I paid the price for spending the league’s entry fees, figuring I’d be good for it when the season ended and we had a winner.  Inevitably, I let fantasy seasons run into one another – paying the winner of our baseball league with the entry fees collected from football and vice versa.  Don’t be a fantasy Madoff.  You see where it got him – it’ll do the same to you.  Keep the money separate and secure, and you’ll be much better off.

5 Tips: How to Plan a Great Fantasy Football League

Thursday, May 13th, 2010
  1. Plan your draft well in advance.  More and more leagues are moving online, but a real draft is still a significant time commitment, and it’s hard to get a dozen people to find a few hours when they can all participate.  If you are holding your draft in person, you may want to decide on the venue as early as possible. Renting out a room in a restaurant is a great idea, and depending on the restaurant, can be pretty affordable. If you’re holding it at your house, make sure it’s okay with your wife/husband first, and don’t skimp on the food and beer. Over-ordering a bit is far better than under-ordering. Related to this, Keep your league at maximum 16. Any more dilutes the available FA talent pool and will result in a less competitive league.
  2. Collect money early. Collecting money at the end of the season is a terrible, terrible idea. As soon as you have finalized the list of participants, start collecting money immediately. You may even want to collect a little extra money for the “commissioner fee”. Just make sure to be upfront and transparent about it.   Obviously collecting money from family, friends and co-workers can be awkward.  The most common ways to collect leagues fees are PayPal, cash and checks. Those methods are tough, though, because you need to chase people down and keep money in three different place.  WePay can help you collect league fees for Fantasy Football.
  3. Keep teams engaged during the season. This comes pretty naturally for experienced leagues, since passion and tension usually run high during the season. However, for newer leagues, it’s often easy to lose the excitement as the season progresses  – especially for teams at the bottom of the rankings.  Trash talk and mockery usually help. So do regular Sunday gatherings to watch the games. Try to promote trades and other transactions. Also, Keep the scoring simple at the beginning.  After your members are comfortable with draft strategies for a basic scoring league you can add more complexity.  Making it complicated at the beginning will result in a less competitive league depending on how fast the members can create effective draft and acquisition strategies.
  4. Don’t do winner-take-all. Not only will this help people stay engaged, it will keep more people in the running, and more games will “matter” toward the end of the season. Keep the payout simple, though – This will make it easy to distribute the money at the end.  I have kept the payout for Playoff Champ, Regular Season Champ, High Points, and 2nd place Playoffs.
  5. Give out “awards” at the end. My favorite: the team that comes in last place has to buy the beer for next season. It’s fun, and it’s a great transition to next year’s league.  More serious awards are good, too. For example, an award to the person that did the most transactions, worst/best draft pick, etc.

Will.i.am Uses WePay to Collect Donations For His i.am home Foundation…

Thursday, May 13th, 2010

…And Pays Off The Mortgages of Two Families Facing Foreclosure On The Oprah Show

From the Huffington Post Article:

i.am home logoWhen two struggling families appeared as guests on The Oprah Winfrey Show to talk about the home foreclosures they were facing, they had no idea a surprise guest would make their problems disappear.

The Eller family and the Allgood family shared their stories with Oprah and explained how the national recession took its toll on them. For John Eller, losing his job as a corporate executive forced him to take lower paying jobs in order to support his wife and eight children. He explains, “I’ve been an executive in a major corporation, and I’ve also made doughnuts on a graveyard shift working in a bakery for $10 an hour. I’ve had to do whatever it takes.” Despite his best efforts, he couldn’t afford the mortgage for their dream home. For single mother Alycia Allgood, buying her first home after years of saving was an accomplishment she could be proud of, but when her company downsized, she too fell months behind on her mortgage payments.

To the surprise of both families, Black Eyed Peas star Will.i.am stepped forward to pay the $350,000 owed by the Ellers and the Allgoods, Oprah.com reports.

Will.i.am hopes to continue helping families facing foreclosure. He has created the i.am home fund to collect donations for families struggling with mortgage payments, at risk for losing their homes.

“If you bring people together who have big hearts and [are] caring, they can make a difference and help America’s problem out,” he says.

Do your part by donating to the i.am home fund through WePay.

Donate Online

WePay makes it easy to collect donations online. Will.i.am uses WePay, and you can too! Learn how to collect online donations in three easy steps.

Check out the video from the Oprah show:

Oprah Video

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And check out this sweet video from Will.i.am:

Will.i.am video

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Send Recurring Bills and Set up Automatic Payments

Friday, April 30th, 2010

If you collect money regularly – like rent or utilities from your roommates or quarterly dues from your members – WePay just made your life a whole lot easier. Now you can send recurring bills, and WePay will handle the rest.

If you receive a recurring bill, you can elect to pay it automatically. Stop worrying about paying your rent or membership dues on time. Just set it and forget it!

WePay is free to sign up!

WePay just got its first commercial!

Thursday, April 29th, 2010

Some friends of mine are really talented video producers, and they just released WePay’s first commercial.  Tell us what you think.

WePay Commercial

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Give WePay a try, it’s free to sign-up!

6 Things a Non-Engineer Should Know Before Founding a Web Startup

Tuesday, April 27th, 2010

Despite the obvious look of shock and panic on the faces of my WePay teammates, I recently committed my first lines of production code.  Although It took over a year and a half for me to contribute to WePay’s code base, and it’s still not particularly substantive (a few lines of html on the exterior of our site), it still feels pretty darn good.

I’m not trying to become a developer. Trust me, there’s a ton of other stuff that needs to get done at WePay. I just discovered something that our site needed (and something that I really wanted because it would make my job easier), which wasn’t going to get built unless I found a way to build it.   We’ve received quite a few requests for “How To” guides, and I’ve also gotten tired of answering the same “how do I…” questions over and over again, so I built the How To section of our site. Specifically, How to Collect Money Online, How to Send Bills, How to Collect Donations, and How to Sell Tickets.

In addition to my first official commit, WePay also just hired Rasmus Lerdorf, the creator of the PHP programming language. All in all, I thought this was an appropriate time for me to reflect on the non-technical things I’ve learned about programming since founding WePay.

[Side Note: In a lot of my posts, I think I come off as a self-loathing non-Hacker, which is entirely unintentional and mostly untrue. During our summer in YCombinator, I was one of the few non-developers, and I was frequently asked: “if you don’t write code, what do you do all day?” The question annoys me for a variety of reasons, but mostly because I did a lot. I think there are abundant non-technical factors that lead to a startup’s success, and the responsibility for making those things happen tends to fall on the shoulders of the non-technical people (assuming the company has those – in our case, we did). At some point, I’ll write another post about what a non-engineer does, or should do, during the early stages of product development. In the meantime, I just discovered this post, which is pretty damn good].

So, without further ado, what I’ve learned:

  1. Don’t be Helpless. As the only non-developer at WePay, it’s pretty tempting to become technically helpless. That would be a big mistake, and there were times when I’ve gotten pretty close, and it has paralyzed the company. Programmers != Technical support, and a team of developers does not an IT department make. Installing software, setting up a network, changing copy on the site, etc. is not necessarily the job of the developers (in fact, it may necessarily not be their job). I’ve seen arguments about the difference between a programmer and a hacker, and from what I understand, the difference boils down to one thing: hackers will always find a way to get something done.  If you’re a programmer, you can also be a hacker (I would argue that our programmers are), but you don’t have to be a programmer to be a hacker. One of our corporate maxims: everybody’s a hacker.
  2. Almost nothing is trivial. I used to say: “this should be a pretty trivial change,” a lot more than I should have. Just because something is logical and it makes sense, does not mean that the code can easily support it. From what I can tell, nothing is more frustrating to an engineer than a non-engineer asking for something complex, and treating it as if it’s trivial.
  3. The 90/10 rule. When you first start building a piece of software, you can pretty much do whatever you want because you’re not constrained by what you’ve already built. So the first 90% goes by very quickly, and you can see a ton of tangible progress. You go from nothing to a lot very quickly, and it’s exciting. The other 10% takes forever (literally forever, see #4), and it’s hard for non-engineers to see that progress being made.
  4. Software is never finished. Software is like a living breathing organism. It’s never “complete”. For startups this is obvious: the application changes and morphs, it adds features and takes them away, it scales, etc. Even for non-startups, though, the software is never finished. It needs to be updated, vulnerabilities need to be patched, and bugs need to be fixed. I used to think that you build the product and then you get people to use it. As it turns out, these two things happen at the same time, from the beginning, and throughout the entire lifecycle of the company.
  5. Non-engineers are not “designers” by default. It’s easy to say: “since I don’t write code, I’m in charge of designing the site and improving the user experience.” And after saying that, it’s easy to put together a bunch of wireframes and say: “make this”, then do some QA and say: “fix that.” That’s not design and it’s certainly not improving the UX. There is both an art and a science to design and UX work, which takes as much time to master as it does to master most technical skills.  I think most non-technical founders working on their first Internet company miss that point. Because you are non-techinical, does not mean you are by default an authority on design and product; in fact, it could easily mean the opposite. If you want that role, you have to work for it (more details in a later post). Edit: Just read a comment that said: “don’t automatically assume engineers can’t design!” I couldn’t agree more.
  6. Don’t pretend to be more technical than you are. Especially in the Bay Area. First of all, it’s incredibly transparent (even to non-technical people), and you will lose all credibility. It also pisses off engineers. On the other hand, being honest about your technical skills, genuinely asking for help, and trying your best to contribute, is like trying your best to speak the local language in a foreign country- it’s a sign of respect and humility.

Good advice? Give WePay a try, it’s free to sign-up!

Greek Billing Services: Collecting Fraternity Dues

Friday, April 23rd, 2010

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.

How to Collect Dues for a Boy Scout or Girl Scout Troop

Wednesday, April 21st, 2010

Boy Scouts

Learn more about how WePay can help your troop collect money.

Roughly 1/3 of WePay employees are Eagle Scouts, so the Boy Scouts of America have a pretty special place in our hearts.

I just received an inquiry from a local Scoutmaster that wanted to use WePay to collect money for his Boy Scout troop. The troop’s treasurer had come across some of our recent press, and he suggested that the troop use WePay to collect and manage it’s money.

Before I enumerate all the ways in which WePay makes it easy for Boy Scouts or Girl Scouts to collect dues or money for trips and events, let’s go over how it’s currently done (this post reminds me a little of a previous post I wrote about how (not) to collect money for a class reunion - in both cases, the process is not very pretty).

The following is taken from a Boy Scout troop’s website:

The Treasurer’s responsibilities are to:

  • Open or maintain a bank account in the Troop’s name
  • Approve all budget expenditures.
  • Collect dues from Scout Leaders at the Troop’s leaders’ meeting, preferably in sealed envelopes. Open envelopes in the presence of Scoutmasters. Give receipts for these funds, and deposit the money in the bank account.
  • Keep up-to-date financial records. From time to time, compare the records with those of the Scout leaders to make sure they agree. Give leadership in developing a coordinated record-keeping system in the troop.
  • Periodically report on the troop’s financial condition at the monthly Troop leaders’ meeting. Make regular monthly reports to the Troop committee at the Troop leaders’ meeting, and report to the chartered organization as often as desirable on the financial condition of the troop.
  • Keep a record of expenditures.

Another troop’s website has an agenda for each meeting. Almost every meeting starts out with “Snacks and Greetings”, which is quickly followed by “Collect Den Dues.”

Although collecting money and dealing with finances has little to do with the BSA’s mission to “provide a program for young people that builds character, trains them in the responsibilities of participating citizenship, and develops personal fitness,” these groups need money to survive and operate effectively. Collecting dues, money for trips, and fundraising plays a pretty big role in most troops.

So how can WePay eliminate the burden of collecting money and managing finances for your troop?

  1. Instantly create an FDIC-Insured account for your Troop, and share it with the other Troop leaders. This makes it very easy to maintain transparency and accountability.
  2. Send bills for dues via email  - WePay will automatically keep track of those who have paid, and remind those who haven’t
  3. Sell tickets or accept donations using WePay.
  4. Accept credit card or bank account payments online
  5. Spend money from your WePay group account by reimbursing members, with a WePay debit card, by sending paper checks, or withdrawing funds to your troops external bank account.
  6. All money coming in and going out of the account is automatically tracked and recorded. No more manual record keeping. No more trips to the bank to deposit checks and no more dealing with cash.

Start collecting for your troop today! WePay is free to sign-up.

Splitting Rent or Expenses With Your Roommates? Use WePay.

Monday, April 19th, 2010

RoommatesI live at my mom’s house. I know, pretty lame. But I can’t afford to live on my own in SJSU’s dorms, nor do I want to pay $600 a month for a 12×12 cell with no heat. However, I do spend quite a bit of time at Berkeley with my girlfriend (she’s a lot smarter than I), who does have roommates. I just got her on WePay because: one, I’m a shameless promoter of WePay; and two, because I know how much it will help her split expenses with her roommates.

They split utilities, rent, and other household expenses. On the last Saturday of every month, they sit down and work through all their receipts with a calculator and split the cost evenly. It’s not a pretty sight.  They have 4 main issues:

  1. The landlord accepts one check from everybody (as opposed to collecting each person’s share individually). That means that one roommate has to write a check to the landlord from his or her personal bank account, and then go hound each roommate to pay him back for his or her share.
  2. Each roommate pays for shared expenses with personal money. At the end of the month, they have to add up all those expenses and collect money from each other. It’s hard to keep track of, and it usually ends with a fridge full of passive aggressive post-its (“please pay me the $x you owe me for y”)
  3. There are a ton of debates about who has paid whom and for how much. Record keeping is a pain, and there’s really no way to keep track of it unless you manually maintain impeccable records, or go through your bank statements fairly regularly and granularly (unless of course, you exchange cash, in which bank statements won’t do you any good).
  4. Nobody ever pays anything on time, including both rent and other shared expenses.

WePay solves every one of these problems. Specifically:

  1. WePay allows you to send bills to your roommates for rent, and collect money online. It automatically reminds them to pay if they are late.  Once your roommates have paid up, you can send one check to the landlord right from the WePay account.
  2. Rather than adding up and splitting shared expenses at the end of every month, you can just collect money from your roommates up front, and use a WePay Visa® debit card for all shared expenses. That way, it’s really easy to separate shared expenses from personal ones, and for you and your roommates to maintain complete transparency when spending shared money.
  3. WePay adds a degree of social pressure – rather than one roommate chasing down the other three for rent, all the roommates can see who has paid and who hasn’t.
  4. With WePay, you can keep all your roommate related expenses in one place, so the record keeping happens automatically. No more debates about finances or passive aggressive notes on the refrigerator.

Stop hassling with roommates. Try WePay today, it’s free to sign-up!

WePay Summertime Video Contest – Win $500!

Wednesday, April 14th, 2010

When I was growing up, my family took a yearly vacation to Lake Tahoe. Unfortunately, with my sister living in Arizona and my brother cranking through the Police Academy, our annual Tahoe vacation has pretty much come to an end.

In it’s wake, I now take an annual summer vacation with my friends. This year, we’re heading up to Lake Shasta to camp for a couple days, and then driving to Seattle and Vancouver. Obviously, we’ll be using WePay to split group expenses like food, gas, campsite fees, and hotel rooms. We thought it would be fun to film the trip, so we can all watch it when we’re older, and then it hit me: Why doesn’t WePay host a video contest for summer trips? Well, now we are.

Take a trip this summer, anywhere. Lake Tahoe, Paris, Tuscaloosa; we don’t care. Just go somewhere and have a blast. When you figure out where you’re going to go, use WePay to collect money for shared expenses- airplane tickets, hotel rooms, and bottle service, then:

1. Make a sick 1 minute video of how you used WePay for your trip

2. Post it on Youtube

3. Send an email with your WePay group name and a link to your video to contest@wepay.com

Bonus points if you bring a camera along on the trip and add some of those clips in the video submission.

Why should you do all this? Well, because if we like your video the most, we’ll give your $500. No strings attached and no annoying rebate card you get from your cell phone company that you can only spend at stores you don’t shop at (we hate those, too). If you win the contest, we’ll simply deposit $500 into your WePay account. Hopefully you spend that on a night out with your friends instead of an iPad for yourself, but we won’t judge if you go the iPad route. ;)

We will judge each video based on two categories:

1.       Creativity

2.       WePay features utilized

The submission date is September 15th, and we’ll let you know if you won by September 20th. Good luck!

For updates on the contest, join the WePay Summer Video Contest Event on Facebook.

Traveling this summer? Give WePay a try, it’s free to sign-up!