Introducing Middleman Debt Transfer

We're excited to introduce a new feature today: we call it the "Middleman debt transfer". It's a simple way to settle up debts with people you don't see very often.

Let me show you how it works by an example:

Let's say Tom, Mary, and Peter goes out on a trip. Peter is Mary's friend, and Tom and Peter don't see each other very often.

After the trip, Peter ended up owing Tom $20.00. However, Peter doesn't see Tom much, so it's hard for them to settle their debts in person. 

However, they both see Mary very often. In real life, Peter would pay Tom back through Mary.  In other words, Peter would pay Mary $20, then Mary would pay Tom $20. Hence, Mary is acting as the "middleman" (or in this case the "middle woman"): she's not really gaining or losing money, but rather passing the money along.

With middleman debt transfer, the concept is similar. We let you transfer your debts so that you can settle through another person (middleman). To use this feature, go to the transfer debts page and select a "middleman" debt transfer. Simply pick:

• a friend (that you don't see very often)
• a middleman (a friend that you would see more often or sooner)
• That's it!

The current debt balances will be adjusted so that your debt with that friend you don't see very often can be settled. Meanwhile, no one loses money.

Cool? Enjoy!
Billsup team