WedCredBuying a wedding gift that will be remembered and cherished rather than returned to Bed, Bath and Beyond for store credit is a difficult thing to do. Buying presents for Christmas and Birthdays is hard enough, but when anywhere from 50 to 150 people are buying gifts for just two people, it’s almost impossible to get a gift that’s unique and will be enjoyed by the couple.

To help alleviate this problem, the idea of a wedding registry was created. The bride and groom can come up with a list of items they would enjoy having and then attendees can designate that they will be purchasing an item for the couple and then everyone else will know not to buy that gift. It was a really innovative idea, but it has some drawbacks. A lot of couples already have all of the towels, kitchen utensils, and traditional things that are given as wedding gifts. A new website, WedCred.com, offers a solution to couples in this situation.

WedCred.com is a new type of gift registry that allows wedding attendees to pool their money and purchase a larger gift for a couple than any one person could afford. Couples setup their wedding registry on WebCred.com and specify the items they hope to purchase. Their guests can then go to the site, look at the larger gifts the couple hopes to purchase, and then give a gift to help pay for whatever it is the couple is looking to buy.

Couples can use the money for all sorts of things, such as the down-payment on a house, purchasing a new car, or perhaps maybe a large flat-screen television. This way there are not a bunch of redundant small gifts the couple likely already has and they can get something they surely want.

WedCred.com makes their money by taking a small percentage of any donation amount that is given through their website. WedCred.com will take a transaction fee of 3.5% the amount of money that is given as a gift. This helps pay for credit card processing fees and to keep the site alive.

The idea of a monetary gift registry gives couples a lot more options when it comes to their wedding. Instead of receiving a large amount of house-warming gifts, many of which they probably don’t really need, they can use the money to help them achieve a financial goal, such as purchasing a new vehicle or paying off a student loan.



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