Managing child support and sharing expenses for parents living apart
Monday, April 13, 2015
SupportPay is the 1st automated child support payment platform that enables parents to share child expenses & exchange child support/alimony directly with each other. In the US, there are 55 million parents that live apart. 39 million exchange over $200B/yr in child expenses & child support/alimony. (most hear about the 16M who don't pay) Globally there are over 298M parents who exchange $900B/yr. After a parent has an order, there has been no standard way for parents to manage this conflict ridden process. Since child support is not just a single monthly payment but also a broad collection of shared expenses (medical, education, childcare, etc) parents must continually manage, communicate & negotiate over these expenses. The process is complex, time consuming & stressful. SupportPay eliminates child support conflict providing both parents transparency while saving time & money. Parents can now spend less time managing child support & more time raising happy, healthy children.
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