make a way to transfer debt between two people
i go out with two of my friends, who they dont interact with each other on their daily lives. One of them paid for all of us. So he is stuck with a dept to a guy that he barely knows. Best solution is to transfer the dept to me. In order to do that right know we need two people and three different transactions. Apart from that, I want to let you guys know you do an amazing job! Thanks!
Thanks for the suggestion! I can definitely see how this would be a useful feature, but it’s also a fairly rare case in our experience, so it’s not yet on our roadmap. If we do eventually add it, we’ll want to make sure that it works in a non-confusing way, as we’ve found that various other features that transfer debt (the “simplify debts” setting in groups, etc) can sometimes cause serious confusion for the people involved.
Esepically in groups of friends debts are settled over many different ways.
There's Person A lending B then C pays another bill from another gathering and B pays A and Cs share.
There is smaller amounts that get settled with cash and minor debts (like sub 5$ for one person or sup 1$ for another) that many don't really care about especially when it's between friends.
For all of this cases it would be convenient if the lender could just manually mark a debt as settled (for either a specific part or the total debt).
Of course one could just open another debt and call it 'settlement off', that's unnecessarily cluttering the dashboard and semantically incorrect though
When using the app, there may be mutual friends where to one I owe and another I am owed. If these amounts can be transferred from one person to another it would make settlements a bit more easier to handle.
Abhijith C S commented
For example, in a group one chooses to pay for his friend as well. Say, there are A, B, C and D people in a group. There are many transactions added. Finally D wanted to pay expenses of C too. (C says D will clear my balances)
settle balance among +ve and - ve balance I have
Like others have said, having manual transfers of debt would be extremely useful. Right now, you have to manually do it by creating a dummy payment transaction from A to B, and then create a bill where C owes B. This can be confusing to everyone involved (and has happened many times between our groups of friends that use splitwise). This scenario is common between couples (and or families) where people either don't have an account (sig other or kids) or one person of the couple handles the transactions, but you STILL need to be able to split up the amounts accordingly.
E.G. splitting an itemized dinner bill.
Jatin Kacha commented
There could be one more option in the app for transfer balance. suppose i have to receive some money from X and i need to pay Y then i can transfer my some money receivable from X to Y directly so at last what will be rest it receivable from X only.
Mohammad Ali commented
JD owes me 1,000 Yens from a previous trip. On our next trip I owe Asad 1,500 Yens. I want to pay Asad 500 Yens and transfer balance to JD. Now I want JD to pay Asad and settle on my behalf.
Practically it can happen this way, but on the app, we have to "fake" it by settling the transaction b/w me & JD and then again b/w me & Asad.
In other words I want JD to pay up - I cannot until this feature is made available. Please make JD pay ... JD - please pay up!
We have a regular problem, when going on a trip with a group of ppl 6+, where there are couples and we split transactions between all the ppl, but then only one person from a couple (whoever is better with technology or has more money) wants to pay for their partner, and we have to workaround through recording two new transactions for each couple like that. With our last trip 10 ppl involved, some guys got so confused with it that it's hard for me to convince them using splitwise again, even though I love it and want all my friends to use it, super-convenient and useful tool!
The way I imagine it, we would first settle all the balances in the group and after that say my friend Jenna and her boyfriend Joe owe me $50 each in the group "Trip to Tahoe".
Jenna can click a button smth like "Debt transfer" and transfer this $50 debt from Joe to herself.
Right now it can be done through a workaround of multiple fake cash payments, but it would be awesome to have it more transparent and clear like that.
Transfer the debt or credit amount of a friend from non group expenses to group expenses
I wanted to transfer funds from one personal id to other id and it does not allow to do so. So i ended up creating new group.
Anoop Kumar Panigrahi commented
Suppose 'X' has to pay 'Y' 100 bucks. 'X' transfers the expense to 'Z' pay and settles the bill with 'Y' stating "to be paid by Z". Now 'Y' and 'Z' can settle the bill without involvement of 'X'. This helps when X is a friend of Z and doesn't knows Y so well