You have to register to set up an online collection or shared expense tracking on one of these web sites. Some online collection sites require you to specify the amount of money you need to raise, what funds are for and by what date you need the money.
1. ChipIn
www.chipin.com
A contributor's credit card or PayPal account is immediately charged when a contribution is made to a ChipIn collection. Contributors do not need to register with ChipIn.
ChipIn does not require an amount or date to be set for an online collection. If you set a target and do not reach the goal, you can either claim the funds that have been raised, or you can extend the collection.
Costs: ChipIn charges no fees to contributors or to collection organizers, but PayPal fees may apply.
Minimum collection: None.
Payment: PayPal account required to receive collections.
2. Buxfer
Buxfer Inc.
Buxfer groups, which consist of those who are splitting a cost, show dollar amounts owed or to be received by group members.
Buxfer has gadgets for iGoogle, Facebook and Netvibes, and Buxfer sends email or SMS notifications when transactions are posted and for group activity.
Minimum collection: None.
Payment: Buxfer uses Amazon payments to transfer money online.
Cost: Buxfer rounds amounts down for totals that do not divide evenly and keeps the extra pennies. Sending money with Amazon Payments is free, but there is a fee for receiving money.
3. BillMonk
Obopay, Inc.
BillMonk categorizes expenses with tags, downloads CSV data for spreadsheets, and bill or loan information can be sent to BillMonk from a mobile phone.
BillMonk supports over 30 currencies and virtual currencies of some online communities.
Minimum collection: N/A
Payment: BillMonk FAQ says it encourages using Obopay cover debts.
Costs: BillMonk is part of Obopay, and Obopay charges apply for some transactions.
