Question 1

What is Loot?

Accepted Answer

Loot is a bill splitting and shared expense tracking app that works directly inside iMessage. It lets you scan receipts, assign items, and settle payments without leaving your conversation.

Question 2

How do I install Loot?

Accepted Answer

Download Loot from the App Store. It automatically appears as an iMessage app — no separate account creation required.

Question 3

Do my friends need to download Loot?

Accepted Answer

No. Your friends interact with bill splits directly inside the iMessage conversation. They don't need to download a separate app.

Question 4

Is Loot free?

Accepted Answer

Yes. Loot is completely free to use for splitting bills and tracking shared expenses.

Question 5

How does receipt scanning work?

Accepted Answer

Point your camera at a receipt and Loot's OCR technology automatically extracts every line item, price, tax, and tip. You can manually adjust any items if needed.

Question 6

Can I split bills with people who don't have iMessage?

Accepted Answer

Loot is optimized for iMessage. For friends without iMessage, you can share a summary link that shows the breakdown and allows them to settle via other payment methods.

Question 7

How do I settle payments?

Accepted Answer

Loot integrates with Apple Pay and Venmo for one-tap settlement. You can also mark payments as settled manually for cash or bank transfers.

Question 8

Can I track expenses across multiple outings?

Accepted Answer

Yes. Loot maintains running balances across all shared expenses in a group, so you don't need to settle after every meal or purchase.

Question 9

How does itemized splitting work?

Accepted Answer

After scanning a receipt, each person taps the items they ordered. Shared items like appetizers can be split proportionally. Tax and tip are distributed automatically.

Question 10

Is my financial data secure?

Accepted Answer

Yes. Loot never stores your payment information. All transactions are processed through Apple Pay or Venmo's secure infrastructure.

Question 11

What is the best way to split a restaurant bill?

Accepted Answer

The best way to split a restaurant bill is to use an itemized approach where each person pays for what they ordered, plus a proportional share of tax and tip. Loot automates this entire process.

Question 12

How do roommates use Loot?

Accepted Answer

Roommates can create a shared group in Loot to track rent, utilities, groceries, and other household expenses. Loot calculates running balances so you can settle monthly.

Question 13

Can I use Loot for travel expenses?

Accepted Answer

Yes. Create a trip group and add expenses as they happen — flights, hotels, meals, activities. Loot tracks who paid and who owes what, so you settle once when the trip ends.

Question 14

What payment methods does Loot support?

Accepted Answer

Loot supports Apple Pay and Venmo for instant settlement. You can also record cash payments and bank transfers manually.

Question 15

How is Loot different from Splitwise?

Accepted Answer

Unlike Splitwise, Loot works directly inside iMessage so your friends don't need to download a separate app. It also offers receipt scanning and one-tap settlement built into the chat experience.

Frequently Asked Questions