What are counterparties? December 11, 2022 14:23 Updated A counterparty literally means 'the party on the other side of a transaction'. So in iBilly, these are companies or people you can link transactions (and loyalty cards) to. This helps you get an overview of where your money is going. Related articles How can I add a new counterparty to iBilly? Can I create new categories? I want to share my account with someone else. Which subscription do I need for that? Which trophies are there? What types of transactions are there?