IOUcash
Help a mate - ID-verified IOUs
Archived App
This is an archived listing of the app previously available on the App Store.Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.
About
This app facilitates peer-to-peer lending between friends for amounts between $200 and $2,000. It offers a quick way to access cash for emergencies or bills with automated payments and no interest charges.
What's New in IOUcash
1.15.0
February 4, 2023
change in create collection UI flow
FAQ
What is the maximum repayment period for an IOU on IOUcash?
The maximum repayment period for an IOU facilitated through IOUcash is 62 days. There is no minimum repayment period, allowing for flexible repayment schedules between friends.
Does IOUcash charge interest on loans?
No, IOUcash does not charge any interest (APR) on the loans exchanged between friends. The platform only facilitates the arrangement fee and any optional tips.
What is the typical arrangement fee for IOUcash?
The example scenario shows a $4.99 arrangement fee for a $400 loan. This fee is part of the total repayment amount, in addition to any optional tip.
What is the user sentiment for IOUcash?
IOUcash has a low rating of 1.5 stars from 6 ratings, indicating a generally negative user sentiment based on available data.
What devices does IOUcash support?
IOUcash is available for iPhone and iPod devices. It is not currently listed as supporting Android devices.
How often is IOUcash updated?
The latest version of IOUcash is 1.15.0, which was last updated on February 4, 2023. This suggests a relatively infrequent update cycle.
What is the age rating for IOUcash?
IOUcash has an age rating of 4+, making it suitable for a wide range of users. This rating is based on content appropriateness.
