[tonikami]

That's awesome, I used Splitwise in the past, and it was great for keeping track of how much everyone owed me! YSplit, however, removes the need of ever tracking 'I Owe Yous'. We charge everyone their portion when the bill is due, then pay for the bill automatically every month.

[notafraudster]

I would assume non-payment mostly comes from inability to pay, not unwillingness to bother paying, so I guess the question is "what happens when you bill someone and they can't pay". My guess is that you have some internal collection mechanism to go after the non-payer, but the parent account is still left without the money. Which to me is the actual problem that someone in this space needs to solve.

[njovin]

The IOUs are the draw of Splitwise for me. Planning group vacations it sometimes helps for people to be able to pay back at different times or on different schedules. When you're dealing with a trusted group of people this works very well.

[jerrygoyal]

been using splitwise for last 5 years or so. For me, issue was not auto-debit but to stick to a mutual app which other people also use and familiar with. I am nomadic and often meet new people so when it comes to tracking bills others already have used or atleast heard about splitwise app and we always find the common ground.. splitwise. I guess network effects does play a crucial role here in bill-splitting apps (social factor).