WHAT IS SPLITWISE APP?
An software called Splitwise, which is available for free, enables users to divide costs with pals. If a group has to split a particular bill’s cost, Splitwise makes sure that everyone who pays is refunded in full and with the fewest possible transactions. When a bill is due, users of Splitwise may send an email reminder, and the app also lets users submit an IOU to a member of the group.
WHAT IS SPLITWISE USED FOR?
The program is promoted to help users keep track of unofficial debts, such as the price of rent, meals and other costs, bills, and more. Splitwise users submit information about who they owe money to, who owes them money, and why into the app. Because a user may add any charge to the app as the cost is incurred, this service does away with the need to retain receipts.
Users may make payments using online payment providers like Paypal and Venmo even though Splitwise doesn’t conduct physical currency transactions and is only an IOU software. Certain debit card and credit card transactions are subject to a fee from the provider.
RATINGS AND COMMENTS OF SPLITWISE
“Very useful
For years, my roommates and I have used Splitwise to track how much we each pay for utilities and other expenses. It has been quite beneficial. The reason for the 4 stars is because it’s a little uncomfortable to enter all that specific information into an app, and I’m not sure how much they analyze it or mine it for statistics. I should investigate their privacy policies further, but I assume they do as much research as they need to for their own commercial interests. Additionally, a graph showing how much the group or you are spending over time on various categories would be nice.
Overall, though, keeping things straightforward and uncomplicated is usually the best course of action.
Additionally, you may record a “cash” payment between you and another person or link it to Venmo and Paypal. – Maven802”
“LOVE Splitwise
For distributing funds among a number of persons or groups, this app is the MOST practical. It’s never been easier to record and send payments for debts while traveling abroad than it is now that I’ve used this app twice. It handles all the arithmetic for you when it comes time to settle up at the end of the trip, which is my favorite feature since it cuts down on the number of transactions that need to be made back and forth. The app keeps track of what each person owes the other during the trip. Very simple. – MScott_23”