I don't get paper bills for services such as phone/power/water/insurance/tv, they are delivered to my bank electronically and either paid automatically or I log in (BankID smartphone app) and confirm the payments.
So the transfer system isn't used for bills, but the same authorization system is used for bills/banking and direct transfer.
Right now we use Revolut for this, where possible. But that only works when the person receiving the cash also uses it, which isn't always the case. Having a more universal system that works for everyone would be very handy.
One amusing thing about doing this approach is that, if you tend to split who does the principal payment evenly between your group of friends, then you realise you are rarely adding or removing funds from your Revolut account, you are just shuffling the same small sums back and forth between yourselves in order to keep things fair.
I think, in some way, for me, it "shows more acceptance". I noticed that in the "split accurately" way, the greater resistance was not to pay for it but to have someone else pay for it - which in a way is disallowing someone from doing something small for you at that point of time. I dealt with this by proposing that the other person(s) could do it the next time etc. Some would find the proposal acceptable, some wouldn't.
I found that when I "converted" people this way, it led to a more relaxed setting. Perhaps it was a problem with me - finding it difficult to accept money from friends for just a cup of coffee or a meal. For me that meant the relationship was not important and the 'book had to be closed and made to add up'...
Of course, ultimately, these are only anecdotes - make of it what you will.
(Ninja EDIT: Minor clarification)
I wouldn’t swish my friend for getting a beer or coffee but if we were 4 and had a dinner bill for €300 I probably would.
- bring me my check, pls
- bring me the check, pls. And I pay for these two bozos (out of a bigger group)
- I'll cover everyone today.
- split it x-ways, pls.
Why do I need to add an extra step to consolidate the bill afterwards?
Also it's easy to join a group that already have a table/tab in a bar for example, and leave before the tab is to be settled. You just say "I'm leaving, who do I swish money for 2 pints?" (Where you'd normally leave some cash on the table).
So yes, the staff can do it. But I don’t mind summing up my stuff on the receipt and just sending money to whoever paid, and the reason I prefer it is because it’s so much quicker when paying (the hassle takes place at a different time and place).
It’s not uncommon to be served by 2 or 3 different people who of course remember who orders an extra beer when they go get it - but that information isn’t recorded, it’s just registered to the receipt on the table. When the bill is brought to the table I think it’s more common than not that the person bringing it did not serve everything on the receipt so would not be able to split the bill without input from the customers.
It's not cumbersome at all, they have POS systems that track individuals at tables, not whole tickets. The server inputs for the table as well as which chair they are sitting in. Then it is very easy to split a ticket in a variety of ways. I think you are complicating the process in your mind or you frequent places that don't use technology.
I think it varies, that kind of tech would only benefit a regular sit-down restaurants where the chairs are in fixed spots and constant. It doesn't work for a busy bar with me shouting "3 more beers" as the waiter walks by.
I assume the same or similar POS tech is used everywhere but in most places here I assume waiting staff either ignore it or charge everything to "chair 1" at the table, simply because so very very few ever split a bill to who ordered it. Since no one does, it's less work taking the hit when someone does (and asking people manually) rather than assigning orders to chairs all those times when no one splits. Obviously, that would also change if more people would split - so I'm guessing that with tech for splitting bills without staff help so prevalent here, it won't be common to have staff split bills.
Getting caught in the middle of billing disputes wouldn't be fun either. Easier to just require someone pay the whole thing.
You are right indeed but might I ask how you made this connection? I never thought of it this way. One reason for it is probably that between my friends and me, there wasn't much disparity in income/wealth at the time when I was fortunate enough to be able to spend time with them regularly.
In other places (like the US), some people can be very conscious about how much they're spending because it's a significant portion of their income. You wouldn't want to split the check when you had a $10 salad to save money and a tablemate had the $50 filet and 2 $10 glasses of wine.
There are also issues with Spain being rather anti people setting up simple businesses from home.
IANAL, but I lend a lot of money, and this is what I've been told:
If you give without the expectation it is typically just cash swapping hands in both directions. If you give money to a non family member and expect payments (with or without interest) OR to a family member and expect more than a rate that is defined at the IRS (<1%, IIRC), then the income is taxable. How they tax you on a no-interest loan to a non-family member, I have no idea.
The application can be used for any transaction. I usually use it if I've been out with some friends, then it's super easy to split the bill afterwards. Or if going shopping. Or if we share a taxi.
Before we would either settle in cash or by trying to spend approximately the same. Now everything is done this way.
That's atleast the way it works in Denmark.
MobilePay in Denmark, Venmo, Cash, Paypal in the US most of the use debit card/bank accounts.
One of the problems turning it into a business though is that the Durbin Amendment and national legislation have reduced the interchange fees so that it's hard/illegal to charge for use of the card.
But it's a booming business that only just started.
It's cheap, fast and simple - all you need is a name of account holder and account number.
When you go to a birthday afterwards, one has bought the present and the others transfer their part to him.
Danes send money to eachother daily.