3 Key Group Payment Features That Set Tribe Money Apart  

Turbulent economic times with heightened inflation have brought more consumers to digital payment applications. They enable users to be more mindful of what they’re spending while making conversations about finances less uncomfortable. 

Many of the current options on the market, however, are not built for groups. Whether dealing with Venmo vultures or the tedious process of using Zelle to close out debts, the digital payment landscape has for years needed an app that makes it easier to share and send money, all in one place. 

Tribe Money, available for download in the App Store or Google Play, is that platform. Here are three key features that set this groundbreaking app apart from its competitors. 

Money Pooling 

Budgeting can commence the moment a trip or group activity is planned using Tribe Money. The app’s suite of capabilities allows users to establish a budget, discuss options, and start making payments, all on the app. 

Each Tribe’s profile has three tabs: chat, active requests, and activity. You can easily converse with Tribe members using the tab on the left, and contributions to the money pool can be made using the active requests button in the middle. 

Let’s say you booked a ski weekend with 10 friends from college. After establishing a “Tribe” for the trip — or using an existing one already created on the app — you’ll be able to discuss a budget using Tribe Money’s chat feature. 

Invited members can contribute their share to the Tribe’s money pool, allowing for immediate reimbursements when bookings are made. That means the person who takes on the bigger charges — like mountain passes or hotels — won’t have to worry about reminding friends to pay their portion of the fee. 

Voting Controls 

Trip planning involves many decisions, some small and others much more important. Tribe Money enables you to split money in a way that best fits the group and activities on the schedule. And the app’s voting functionality enables decisions to be made promptly and fairly. 

Members can be given voting rights when they are added to a Tribe. Once a request is made by tapping the “$” symbol in the app, votes are tallied by number or percentage. The voting function can be switched off for those who want to trust each individual to accurately track their expenses. 

Tribe’s can be set up so that every member has the chance to vote on a transaction. For some expenses — like coffee before hitting the slopes in the morning — the Tribe could only require 50% of the group to vote “yes” or “no.” Requests can be resubmitted if they are not additionally approved. 

Once a request or contribution is made, a verification code is sent to the phone number associated with the account, one of the many ways Tribe Money upholds its mission to deliver secure transactions every single time. Withdrawals to a bank account can be initiated immediately after the funds are added to the requesting member’s wallet. 

Bill Splitting 

For most group activities and trips, there are times when not every member of the group will participate in an activity. Before Tribe Money, deciding how to divvy up payments in these situations could be challenging. Using the app, though, splitting bills can be completed with a few taps on your iPhone. 

For example, three friends on the ski trip wanted to go out for drinks after the big group dinner. They can seamlessly share the tab by opening Tribe Money and selecting the parties who participated. Costs can be shared in four ways: a dollar amount, a percentage, shares, or an equal split. 

This feature underscores Tribe Money’s B2B integration capabilities. The app functions in a way that enables users to spend and contribute with ease, all in one place. 

This keeps the money conversations where they belong — on an app built to manage group expenses.