Project Fi - Group Repay
Project Fi has added a repayment option for members of a Group Plan called Group Repay. This features allows members of a Group plan to repay the owner. The Group Repay is done through Google Wallet, so the Group Owner and Group Member(s) will need to have a Google Wallet account.
The member have three options for repayment.
1) Their individual total. This is the total amount that the Owner has paid for the member. This includes the price for the Fi Basics, data used, and taxes.
2) Fixed Amount. This is a fixed amount even if the members bill is more or less.
3)Additional Data Only. The member will pay for any data used over their data budge. So if the member has a data budget of 1GB and they use 1.5GB, then they will pay the owner for the 0.5GB over the 1GB budget which will be $5.
Once the repayments are set up for member of the Group plan, A notification from the Project Fi app will remind the Group Member when the payment is due. An email is also sent from Google Wallet requesting money for repayment. This is usually a few days after the bill has finalized. Repayment is not automatic, the Group member will have to click on the notification and authorize the payment. Once the payment is made, the Group owner will be notified through the Project Fi app and will have to claim the payment in Google Wallet. At this time, the Group owner will have the option to return or claim the money.
Some of the features:
Easy payment set-up
Simply select the amount you wish to pay back each month to begin receiving monthly payment notifications. Owners can also set up monthly repayment requests for plan members, which they can cash out automatically to a debit card or checking account.
No more nagging with monthly reminders
With Group Repay, you can send each participant a monthly payment request. Plan members can simply tap the notification or open the Project Fi app and hit “Send Money” to pay the group plan owner.
Know what you owe—no math required
Once you’ve selected how you would like to split your bill, Project Fi will send a reminder for the right amount every month.
One simple place to view, manage, and track payments
With Group Repay, you can easily view your full payment history and payment statuses for the current month.
Here is my experience with Group Repay
I tried out the Group Repay with a member of my Group, and overall it was very easy as long as the Group Member doesn't ignore the notification to repay the Group owner. I documented the steps below.
Set up Group Repay under the Billing Tab in the Project Fi App.
Toggle the "Allow payment requests" and set up repay options for each member.
Notification for repayment on Group Members phone
Repay with Google Wallet through Project Fi app
Notification on Group Owners Fi phone about repayment
Fi Notice to Claim Money/Return Money
Claim Money in Goggle wallet