March 7th, 2013
Split By GroupMe: Free Until 03/12
Update #3: A $499 limit has been added to qualify for free processing.
Update #2: It’s back to being free again through 03/12!
Update, 03/08: It appears that GroupMe has gone back on their word and has started charging for this service early. They have edited the page and deleted the info on the service being free through 03/12. Congrats to those who got in before they made the change!
————————————————————
Split by GroupMe is a way for friends to chip in for something together and pay back one person for laying out the funds to buy something. There will be a 4% processing fee starting on 03/13/13, but until then you can send credit card payments to anyone for free.
Considering that this is intended for small purchases I’d imagine they may block large transactions.
If you try out the service please post how it works out for you.
1
March 7th, 2013 at 9:52 pm
do You have to sign up before that date Or until that date its free
2
March 7th, 2013 at 10:29 pm
I just sent myself money it says it takes 1-4 days to show in my account
3
March 7th, 2013 at 10:47 pm
very big hassle just tried to do it
4
March 7th, 2013 at 10:50 pm
just did the groupme split–for $3000. it worked! no fees!
5
March 7th, 2013 at 10:58 pm
Signed up, but no pin.
6
March 7th, 2013 at 11:12 pm
charged $18k between two cards….fingers crossed
7
March 7th, 2013 at 11:49 pm
I just did it for 1700 850 from 2 email addresses it says that it will take 24 hours until it is approved
8
March 8th, 2013 at 12:19 am
Whats with the amazon gift car promotion
9
March 8th, 2013 at 1:10 am
From their site:
How much does it cost?
Per transaction, contributors will be charged 3.5% on whatever they chip in for a Credit Card Processing Fee. GroupMe charges a .99 convenience fee.
We may be too late.
10
March 8th, 2013 at 1:13 am
They broke their promise and are charging fees now!
11
March 8th, 2013 at 3:14 am
Hi Dan
Where do you see it’s free until 03/12 ?
Their site shows a fee when trying to use it
Thanks
12
March 8th, 2013 at 3:25 am
I don’t see any mention of the free period on the signup page.
13
March 8th, 2013 at 9:23 am
it says the app is offline for maintenance when i try to do it
14
March 8th, 2013 at 9:23 am
i am also seeing that the fee is waived
15
March 8th, 2013 at 9:31 am
it just worked for me. i did $1900 and the fees were waived
16
March 8th, 2013 at 9:36 am
As of 9:36 est today the FAQ page still says:
How much does it cost?
To celebrate the launch of GroupMe 4.1 and the introduction of Split, fees will be waived completely while you have a chance to try it out. From March 7th, to the end of SxSW Interactive, 11:59pm CST March 12th, you can collect and pool money absolutely free — Even the credit card processing fees are on us. (To learn more, come by the GroupMe Grill in Austin for a demo.)
After March 12th, fees will apply. Per transaction, Split creators pay no fees, while contributors will be charged 4.0% plus $0.99, which covers credit card processing fees and a small GroupMe convenience charge.
17
March 8th, 2013 at 9:45 am
Dan:
Its still up on the page free till the 12th- I just printed a screen shot
18
March 8th, 2013 at 10:08 am
Read the FAQ page on the split.groupme.com link above. It says all fees will be waited from 3/7-3/12
19
March 8th, 2013 at 10:26 am
Just did a split and collected $2000 from 2 email addresses, same card, no fees. Lets see if it works.
20
March 8th, 2013 at 10:40 am
I believe the fee is being waived again. Just charged 3000. Hope it works
21
March 8th, 2013 at 10:45 am
This was an unethical thing to promote.
22
March 8th, 2013 at 10:56 am
I just did two ‘splits’ for 6k with no fees.
23
March 8th, 2013 at 11:10 am
Dan, do you say we can use it to rack up minimum spend?
24
March 8th, 2013 at 12:22 pm
Groupme’s website now shows No fees through March 12th!
Split FAQBack to top
How much does it cost?
To celebrate the launch of GroupMe 4.1 and the introduction of Split, fees will be waived completely while you have a chance to try it out. From March 7th, to the end of SxSW Interactive, 11:59pm CST March 12th, you can collect and pool money absolutely free — Even the credit card processing fees are on us. (To learn more, come by the GroupMe Grill in Austin for a demo.)
After March 12th, fees will apply. Per transaction, Split creators pay no fees, while contributors will be charged 4.0% plus $0.99, which covers credit card processing fees and a small GroupMe convenience charge.
25
March 8th, 2013 at 12:26 pm
How do we know they will honor the no fees for those that got in beforehand? Does anyone have a screenshot from before they removed it?
26
March 8th, 2013 at 12:44 pm
I still see its free through march 12th on the sign up page
27
March 8th, 2013 at 1:29 pm
I have done it for free now..sent 1630$ from my credit cards to my bank account and it said fees waived..
28
March 8th, 2013 at 2:01 pm
@Danny:
Much of this website is unethical shtick. There is frugal and then there is thievery. This site crosses the line
29
March 8th, 2013 at 2:26 pm
Is it possible to do everything through 1 smartphone? We only have 1 smartphone in the family. Does anyone know if I can send money from the same phone that is using the app to create the split?
30
March 8th, 2013 at 2:32 pm
i just did 5k now lets see if it works
31
March 8th, 2013 at 2:56 pm
any1 get money in the bank yet?
32
March 8th, 2013 at 3:11 pm
@Jack, on this specific post I happen to agree with you that it’s borderline, however if you follow so intently and read every comment and reply to them, either you agree some (most) of the sites morality, or just disappear
33
March 8th, 2013 at 3:53 pm
@Pyrate Baruch: i just did one using my wifes feature phone. all she needed was the ability to get a text message.
34
March 8th, 2013 at 3:54 pm
you probably verify a phone using twilio.com as well to get a number to receive text messages.
35
March 8th, 2013 at 4:01 pm
The fine print says…
Free offer applies to your first split transaction up to $499. Offer is valid between March 7 and March 12.
36
March 8th, 2013 at 4:10 pm
It notes at the bottom of the page that:
* Free offer applies to your first split transaction up to $499. Offer is valid between March 7 and March 12.
37
March 8th, 2013 at 4:21 pm
Read the fine print it says
*Free offer applies to your first split transaction up to $499. Offer is valid between March 7 and March 12
38
March 8th, 2013 at 4:25 pm
I did two transactions of 5k each. Charges are pending.
Hope it works!
39
March 8th, 2013 at 4:31 pm
what happens to all the transactions that were done before this $499 update came?
40
March 8th, 2013 at 5:10 pm
So is that a new fine print of the $499 limit???? Or did everyone do it regardless??
41
March 8th, 2013 at 6:53 pm
Trying to “COLLECT MONEY” and all day have been getting the message “0 card failed when we attempted to charge them. Try again or collect the partial amount.”
Any ideas?
42
March 9th, 2013 at 8:13 pm
Account was suspended. Can they just not give me my money?
43
March 9th, 2013 at 11:58 pm
Hey Dan,
BIG NEWS!!!
The ecco shoes are back on sale.Just order one.
44
March 10th, 2013 at 7:20 am
What happens if they suspend your account before they deposit the money in your account?
45
March 10th, 2013 at 11:21 am
@Mike:
I’m having the same issue…….
46
March 11th, 2013 at 5:48 am
Anyone seeing these post as Cash Advance? I saw some mention of that in the FW thread. My transactions are still PENDING.
47
March 11th, 2013 at 10:46 am
@Jack and @Al:
Not sure what is borderline here. Maybe you dont understand the point of promotions, which are to attract users and people to register. The company wants a ton of people to register and transfer money, so that when they approach investors they will tout incredible percentages of growth in both registered users and dollar amount transferred. This is a start-up. They just want to show growth to get huge amounts of investment.
48
March 11th, 2013 at 2:10 pm
How do you remove the bank acct info later after transfer?
49
March 13th, 2013 at 1:57 pm
Did anyone receive the funds they collected to their bank account??
50
March 14th, 2013 at 12:39 pm
anyone get the funds in their bank account yet?
51
March 14th, 2013 at 5:22 pm
I’m still waiting for mine back. It said that the first deposit may take 3-5 business days. Tomorrow will be day 5 so we’ll see.
52
March 15th, 2013 at 9:52 am
I think this is a scam
53
March 15th, 2013 at 2:26 pm
Ya, I have heard nothing either day 6 for me…..has anyone recieved any funds to their bank account?
54
March 15th, 2013 at 3:00 pm
I still haven’t received my money either, cards have been charged. any phone # to call? I sent email to support@groupme.com, they promised to answer within 24 hours 35 hours passed still no response hm I am smelling fish, will dispute the charges if $$ not deposited by Monday – Tuesday
55
March 15th, 2013 at 3:24 pm
OK got email now they are rejecting the transfer, what losers
56
March 15th, 2013 at 4:36 pm
got an email saying it is being denied for credit card abuse…
What:
The Split of which you were a member was canceled. We apologize for any inconvenience this may have caused. GroupMe takes credit card network abuse and fraud very seriously and actively investigates any suspicious charges with our payment processor, Balanced.
Why:
In our monitoring of our zero fee promotion for Split on GroupMe, we determined that some individuals tried to use the Split service to transfer money directly from their credit cards to their own bank accounts, most likely to collect credit card rewards and points. This form of usage is against both GroupMe’s and Balanced’s Terms of Service.
What this means for you:
The Split creator will not be issued a credit (i.e., will not be able to collect money contributed to the Split). Additionally, all Split participants who put money in will have the entirety of that amount refunded to their credit cards.
57
March 15th, 2013 at 4:55 pm
Got the same email
58
March 15th, 2013 at 5:01 pm
I got my money deposited this morning but only tried $350. Eh, it helped me get to my minimum spend for testing SWA Plus card. I wonder if they blocked large transactions and let the small ones go.
59
April 9th, 2013 at 9:02 am
I got the money debited from my card now, and noticed they hit us with a $10.97 fee. Anyone else get that fee charged, and did they credit it?