When going on a trip with friends, the issue of sharing the budget comes up. Then take the calculator in hand, divide the cost after all the stress. This often creates confusion about how many people have paid and how many have not. Now online payment app to reduce this problem Paytiyamane (Paytm) has launched a special feature. The name of this new feature is 'Split Bills'. Using this feature you can make the trip even more fun with friends. With this, users can record group expenses at one place, calculate everyone's share and also perform payment settlement properly. This feature is available on Paytium and users cannot use it for free. That means the company will not charge you any extra for using this feature.
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With the help of this new feature, friends can create their group and add shared expenses in one place. After this here user can click on split option to share the cost equally among all. According to the total amount, here you can calculate the percentage or sharing to apportion the expenses properly among all. It also has a group summary option where you can calculate the total cost of the trip, how much everyone has to pay and the pending balance. This helps to eliminate the confusion that arises in dividing the cost when multiple people pay for different things during a trip.
Payment reminders
With the help of this feature user can also send a reminder for payment to all members. This feature is very useful for reminding people who haven't paid or who are yet to pay. If a person has paid outside the app, the payment can be marked as 'Marked as Received' to keep the transaction record up to date. Apart from this, users can also easily register the expenditure by cash, card, another UPI app or any other payment method in this feature. The company says that with the help of this feature, users can add as many expenses as they want. The main thing is that no money will be charged for using the feature.
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How to use Paytm Split Bills feature?