WePay online payment service is expanding with the release of a native application for iOS that will allow businesses to charge credit cards.
The startup was originally backed by Y Combinator and formed to make it easier for businesses to make payments and collect money, WePay however has become a more simple platform for managing online payments.
The company added support for event ticketing and registration, donations, invoicing and electronic commerce.
In 2012 WePay launched a white-label API and has lowered the prices to developers.
While PayPal and Square are mainly focused on allowing individuals and merchants to accept bank cards, WePay is allowing the small businesses to be able to accept bank cards within the application.
Both credit card and invoicing processing are costing around 3% + 0.30 cents per transaction and all kinds of bank cards are accepted.
The app is focused on contractors, marketers and designers who send professional invoices and want to accept payments.
To accept credit cards, the application is asking the user to input the card information and it is done.
A total of $20 million has been raised since WePay was founded in 2009.