Buyvite Group Pay Launches "Pay Me Back" A New Social Payment Product

Online, December 4, 2012 (Newswire.com) - Buyvite Group Pay, (www.buyvite.com) a social payment company based in Chicago, IL and Toledo, OH announced today the launch of a new payment product called "Pay Me Back" with Buyvite.

Retailers and other ecommerce sites can integrate the "Pay Me Back" application to enable an easy way for their customers to get paid back for group purchases like gifts, vacation rentals or concert tickets. The "Split the Cost with Friends" social payment badges easily embed on any product page, just like a social media button. After a customer makes their purchase, they can select "Pay Me Back" with Buyvite directly from the cart. The information from the purchase is then carried over to their Buyvite Dashboard. The customer can then invite friends to pay them back via Facebook, Twitter, email and a mobile alert.

Company founder Brandy Alexander-Wimberly explains that "Pay Me Back" is designed to make ecommerce customers feel more confident about fronting the money for a large group purchase. "This product was developed to give our partners an easy way to leverage the power of social commerce. Our social payment badges are designed to embed on product pages to promote the application. After the customer makes their purchase, they now have a seamless and social way of showing their friends what they bought, telling them how much they owe and an easy way to get paid back. It's a perfect fit for any company focused on selling gifts, vacation rentals, event tickets and even works well for fantasy sports leagues and donations."

The "Pay Me Back" social payment badge easily embeds on any product page, just like a social media button, and allows people to split the cost of their purchase.

Early adopters of "Pay Me Back" with Buyvite include several ecommerce companies and payment processing provider E2E Payments of Lombard, IL. E2E President Brad Bialas explains the advantage of offering "Pay Me Back" to his customer base. "Our ecommerce clients are looking for new ways to reach their social audience. Consumers are already locked in to the concept of group purchases and peer-to-peer payments. Buyvite's "Pay Me Back" product gives our clients a fresh and social way to promote a "crowd funding" model via their websites and ecommerce carts and it's a proven way to help elevate traditionally group focused purchases like gifts, team costs or event tickets."

About Buyvite: Buyvite Group Pay offers retailers and consumers a suite of social payment products that all stand at the convergence of social media and payment processing. Buyvite Group Pay was founded in 2011 and launched to the public in May 2012. For more information please contact us at [email protected]