Currently it only supports splitting the expenses equally among all members of the group.
I recently went on a trip to New York with some friends and we all made miscellaneous group expenses. When we came back we used this app to figure out how much we owed each other.
... I don’t get it. If it’s only splitting equally how is this easier than a calculator app that’s already installed on every persons phone? Or, you know, having some basic ability to do simple math in your head or on a piece of paper?
Yeah you're right that in my personal example using this app was overkill.
The use case I actually had in mind while developing this was continuously using this to track expenses while on the trip - that way you don't need to pull together all the receipts & verify expenses at the end of the trip
I haven't heard of them - looks like they're a wallet that automatically conducts pre-authorized transactions. Pretty cool. Biggest limitation I see is that they only support splitting transactions from select vendors.
I think it would be cool if they allowed you to split anything - but I guess the problem is coming up with a viable business model. If you use something like Stripe to facilitate transactions, the added fee can be pretty deterring to potential users. I'm not sure what would be the best business model for an idea like this, apart from maybe a subscription more & betting on users not actively using the product?
Hmm. Doesn't Venmo do an instant (about 2%), or 2-3 days (0%) bank transfer fee business model? Something similar might work for them. I don't know how Venmo does the free bank transfers though, that could be anything from partnerships to VC money to tech.
I recently went on a trip to New York with some friends and we all made miscellaneous group expenses. When we came back we used this app to figure out how much we owed each other.
If you're interested you can find the source code here: https://github.com/radihuq/split-the-tab