How it works
Pay friends, stay friends.
Friends are GREAT! Asking them to pay you back? NOT SO GREAT! PayFriends does the awkward stuff for you, so you never have to become the annoying debt collector.
Set it up once. We keep it clear.
Step 1: Create the agreement
Add the amount, repayment schedule, dates and any optional interest or extra terms.
Step 2: Agree together
Invite your friend so you both see and confirm the same plan from day one.
Step 3: Keep track
Log repayments as they happen. PayFriends updates the balance, recalculates the plan when things change and sends friendly reminders.
Payments stay between you. PayFriends never holds or transfers your money.
Everything PayFriends does for you
Clear repayment plans you both agree on
Set loan amounts, start dates and repayment schedules in a few clicks. Both sides see the same plan so expectations are clear from day one.
Smart reminders that never feel like chasing
PayFriends sends gentle reminders when payments are due so it never has to come from the lender personally. You keep the friendship, we handle the nudges.
Fair interest for early, late or different payments
When someone pays early, late or a different amount, we recalculate the interest automatically so both sides stay treated fairly.
Future instalments adjust automatically
If a payment changes, the system updates the remaining schedule for you. No spreadsheets or manual math, just a clean new plan ready to go.
Live outstanding balance to the cent
See at any moment who owes what, including interest and upcoming payments. The balance updates in real time after every payment that is logged.
Support when someone is struggling to pay
If life gets in the way, you can easily suggest a new plan with smaller or fewer payments. PayFriends helps you keep things fair without breaking the relationship.
Clean history and timelines for full transparency
Every payment, change and agreement update is stored in one place. Both sides can always see the full story, from day one until the final cent is repaid.