Online payments startup WePay is today announcing lowered pricing and new API features, as it celebrates the one-year anniversary of its WePay Payments API. The company, which is backed by $19.2 million in venture funding, is actually a bit older than just one year, however. As you may remember, WePay first emerged from Y Combinator in 2009 as a simple tool to collecting group payments. The company has since grown beyond group payments, and even beyond payments themselves, with added support for event registration and ticketing, custom invoicing, donations and online stores. But the WePay Payments API remains a key piece to the company's business, enabling merchants and individuals to integrate WePay's service in their own websites and applications. This allows them to accept payments without the need for a pre-existing merchant account. Today, the API accounts for roughly 25% of WePay's business.Source: http://feedproxy.google.com/~r/Techcrunch/~3/ujXq1Z003dM/
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