Questions, answered honestly

Yes — PayMeLater is free to download and use, with no ads. Everything you need to start tracking IOUs and splitting bills is there from the first open, and an optional premium adds extras for power users.

No. PayMeLater is your own private ledger — you can track what anyone owes you, log what you owe them, and split bills without your friends installing anything. And when a friend does join, it gets better: the bills that name them are waiting for them, shared bills sync between you, and you’re both notified of any changes.

Add the bill and type in its items, then drag each friend onto what they actually had. Tips are shared out in proportion to what each person consumed, discounts reduce it, and the maths is exact — shares always add up to the bill to the penny.

PayMeLater works out the smallest set of who-owes-whom transfers — anyone who comes out even simply drops out — and one tap turns that plan into individual IOUs on each person’s balance. From there, everyone pays back whenever suits.

Yes. Type an amount in any currency and it converts at that day’s live rate. The rate and the date are saved with the IOU permanently, so historical entries never drift.

PayMeLater is private by design: no social feed, no followers, and no selling your data. Your contacts’ names never leave your device — the ledger stays between you and your friends.

Yes. You can edit amounts, reasons and dates at any time, and every change is written into a dated history on the entry. The record stays fair because it can’t be silently rewritten.

That’s the job of Check Please, our sister app: it photographs the receipt, reads the items with AI, and splits the bill there and then. The finished split can be handed straight to PayMeLater as a bill, so the who-owes-whom part is tracked until everyone’s square.

PayMeLater is built IOU-first: every entry keeps its reason and a dated change history, your friends don’t need accounts, and there are no ads. See our full Splitwise comparison for details.