We’re excited to announce a payments integration you’ve been clamoring for: Splitwise and Venmo. As of today, iPhone users in the US will be able to directly settle up Splitwise debts using Venmo, as well as cash or PayPal.
Our goal has always been to include great, diverse payment options within Splitwise. Venmo was popularly requested in our user-fueled suggestion forums, and the folks at Venmo have provided a great new API and iPhone SDK to open their platform to us; it only seemed natural to use these developments as impetus to execute the often-requested integration.
Using Venmo within the Splitwise app works the same way as using Paypal. When you hit ‘Settle Up’, Venmo will be an option, joining the ‘Record a cash payment’ and ‘Pay with PayPal’ buttons.
Tapping the ‘Venmo’ button will take you to a Splitwise screen asking you to enter the settlement amount, which defaults to your current total balance.
Hitting ‘Next’ will take you to the Venmo iPhone app (where you can confirm everything, from the amount being paid/charged to the destination Venmo account). When the transaction is complete, it will take you right back to the Splitwise app, with the payment logged by Splitwise as well, and your balance updated.
We’re looking forward to bringing a Venmo integration to our web and Android platforms as well – we just don’t want to hold the iPhone release, which was the easiest to implement. Also note that settling up with Venmo will only appear as an option if you already have the Venmo app installed on your iPhone, since it uses the Venmo app to process the payment. If you don’t already use Venmo from your iPhone, your settle up screen will stay the same.
We enjoyed working with the folks at Venmo to bring this integration about, and we can’t wait to hear what you think of it!