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Balance Pro VS Splitit

Compare Balance Pro VS Splitit and see what are their differences

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Balance Pro logo Balance Pro

Balance Pro is a powerful personal finance and budget app that helps you reach your financial goals. Track all your money in once place, get valuable insights into your spending, and make better informed financial decisions.

Splitit logo Splitit

Splitit is a solution that enables consumers to pay for their Retail or Web purchases using their existing credit cards and divide the total cost across as many interest-free payments as they choose, without completing a credit application or qualifโ€ฆ
  • Balance Pro Homepage
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    2024-04-24
  • Balance Pro Budget & Money Tracker
    Budget & Money Tracker //
    2024-04-24
  • Balance Pro Spending
    Spending //
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  • Balance Pro
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    2024-04-24
  • Balance Pro
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    2024-04-24
  • Balance Pro
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    2024-04-24
  • Balance Pro
    Image date //
    2024-04-24
  • Balance Pro
    Image date //
    2024-04-24

Balance Pro is a budgeting and personal finance app that helps you manage and optimize your money.

Track Spending: Capture and maintain a detailed record of your financial transactions, whether it's purchases, payments, or income. Stay organized and informed by tracking both pending and cleared transactions.

Budgets & Goals: Take charge of your finances effortlessly with our intuitive budgeting and goals features. Track your spending, set custom budgets, and achieve your financial goals with ease.

Bills & Subscriptions: Simplify your bill management and oversee all your bills in one place. Get an overview of your upcoming bills and their corresponding due dates. You can even opt to get a notification when a bill is due, ensuring you never miss a payment again.

Auto-Capture Receipt Scanning: Balance Pro scans receipts automatically and captures key information like the merchant name, total, and date. This eliminates the need to manually input data each time for every receipt. Your receipts will be accessible and safely stored.

Categories & Organization: Categories make it easy to organize your transactions. You can create your own custom categories to organize transactions the way you want it. Quickly search through all transactions and find exactly what you need.

Cash Flow: As transactions are added to your accounts, Balance Pro will automatically sum the income and expenses and create a cash flow report so you can see the ins and outs of your money over time. Get total visibility of your finances.

Net Worth: Get a sum of your total worth from your accounts, assets, and more. See how your net worth changes each month.

Multi-Currency: Now, instead of one primary currency for the whole app, every account and bill can have its own currency.

Export & Import: Import or export your transactions to a CSV spreadsheet. Balance Pro empowers you to transfer your financial information, providing an easy way to manipulate your data.

  • Splitit Landing page
    Landing page //
    2023-09-24

Balance Pro

$ Details
freemium $4.99 / Monthly (Premium)
Platforms
Web Android iOS
Release Date
2014 December

Balance Pro features and specs

  • Track Spending
    Capture and maintain a detailed record of your financial transactions, whether it's purchases, payments, or income. Stay organized and informed by tracking both pending and cleared transactions, enabling a comprehensive overview of your finances.
  • Budgets & Goals
    Take charge of your finances effortlessly with our intuitive budgeting and goals features. Track your spending, set custom budgets, and achieve your financial goals with ease. Stay in control of your money like never before.
  • Bills & Subscriptions
    Simplify your bill management and oversee all your bills in one place. Get an overview of your upcoming bills and their corresponding due dates. You can even opt to get a notification when a bill is due, ensuring you never miss a payment again.
  • Auto-Capture Receipt Scanning
    Balance Pro scans receipts automatically and captures key information like the merchant name, total, and date. This eliminates the need to manually input data each time for every receipt. Your receipts will be accessible and safely stored.
  • Categories & Organization
    Categories make it easy to organize your transactions. You can create your own custom categories to organize transactions the way you want it. Quickly search through all transactions and find exactly what you need.
  • Cash Flow
    As transactions are added to your accounts, Balance Pro will automatically sum the income and expenses and create a cash flow report so you can see the ins and outs of your money over time. Get total visibility of your finances.
  • Reports
    Make sense of your finances with visual reports that give you comprehensive insights into your spending habits. Whether you're striving for budgetary discipline, analyzing trends, or planning for the future, Balance Pro equips you with the tools to make informed decisions and take control of your finances.
  • Net Worth
    Get a sum of your total worth from your accounts, assets, and more. See how your net worth changes each month.
  • Multi-Currency
    Now, instead of one primary currency for the whole app, every account and bill can have its own currency.
  • Repeating Transactions
    Add repeating transactions for expenses or income that happen frequently.
  • Reconcile Transactions
    Keep track of transactions that are pending or have cleared. Mark a transaction with a tap of a button.
  • Export & Import
    Import or export your transactions to a CSV spreadsheet. Balance Pro empowers you to transfer your financial information, providing an easy way to manipulate your data.
  • Bill Reminders
    Never miss a bill payment again. Choose when to receive reminders when a bill is due so that you can plan ahead.
  • Auto Pay
    Don't lose sight of bills that automatically deduct from your bank account. Keep track of bills that have auto pay enabled.
  • Search
    Easily search all your transactions or bills so that you can get access to what you need quickly.
  • Notes
    Every bill and transaction has a notes field to keep track of any special details or notes for that item.
  • Upload & Attach Photos
    Snap a photo or select an image of a receipt or document and attach it right to a transaction.
  • Sync
    No matter what device you are using, youโ€™re all synced up and ready to go on your smartphone, tablet, or computer.
  • Secure Encryption
    We take security seriously. All your data is encrypted and secured with 256-bit SSL.

Splitit features and specs

  • Interest-Free Payments
    Splitit allows customers to pay in installments without charging any interest, making it an attractive option for those looking to spread costs over time.
  • No Credit Check
    Splitit does not require a credit check to use its services, which can be beneficial for individuals who have a limited credit history or want to avoid impacting their credit score.
  • Easy Integration
    For merchants, Splitit offers easy and seamless integration with their existing payment systems, allowing them to offer flexible payment options to customers without significant technical overhead.
  • Increase in Sales
    By offering a payment plan, Splitit can potentially increase sales for merchants as customers are more likely to make larger purchases when they can spread out payments.

Possible disadvantages of Splitit

  • Credit Card Requirement
    Customers must have a credit card with sufficient available credit to cover the full amount of the purchase, which might restrict some users from using the service.
  • Hold on Credit Amount
    While using Splitit, the customer's credit card will have a hold placed on the full amount of the purchase, potentially reducing their available credit.
  • Limited Market Presence
    Splitit's availability might be limited depending on the region, meaning not all merchants or customers can access its services globally.
  • Dependence on Card Issuers
    The service's operation depends on agreements with card issuers and networks, which may create dependency issues if partnerships change or end.

Analysis of Splitit

Overall verdict

  • Splitit is considered a good option for those looking to split payments without taking on additional debt or interest. The service can be especially appealing to consumers who want to budget for larger purchases without impacting their credit rating. However, it's important to ensure that the merchant you're purchasing from supports Splitit.

Why this product is good

  • Splitit offers a unique payment solution that allows consumers to pay for purchases over time using their existing credit cards, without incurring interest or fees. This can be beneficial for managing cash flow and making larger purchases more affordable. Additionally, because Splitit's method doesn't involve opening a new line of credit, it avoids affecting the user's credit score.

Recommended for

  • Consumers who prefer interest-free payment plans
  • Individuals looking to manage cash flow efficiently
  • Shoppers who want to avoid impacting their credit score
  • People making larger purchases who prefer to spread the cost over time

Balance Pro videos

Gaerne Balance Pro-Tech Adventure Boots

More videos:

  • Review - Gaerne Balance Pro-Tech Boots Review
  • Review - New Balance Pro Court 212 Skate Shoe Wear Test Review - Tactics

Splitit videos

SPLITIT GOES GLOBAL WITH MASTERCARD DEAL ๐Ÿ’ณ

More videos:

  • Review - 3 PROBLEMS with buy now pay later. Afterpay, Zip Pay, Splitit etc.
  • Review - How Does Splitit Work for Shoppers?

Category Popularity

0-100% (relative to Balance Pro and Splitit)
Personal Finance
100 100%
0% 0
Online Payments
0 0%
100% 100
Finance
100 100%
0% 0
Business & Commerce
0 0%
100% 100

Questions & Answers

As answered by people managing Balance Pro and Splitit.

How would you describe the primary audience of your product?

Balance Pro's answer

Balance Pro is for any individual that wants to optimize and manage their money. See where your money is going, plan for expenses, or save for your goals.

What's the story behind your product?

Balance Pro's answer

Since 2014, Balance Pro has been helping people manage their money and achieve their financial goals.

Our mission at Balance Pro is to change the way people manage their finances for the better by enabling them to achieve financial freedom and peace of mind. We are dedicated to providing a seamless and intuitive platform that empowers users to take control of their money, effortlessly track their spending, and set financial goals. Through innovative tools and personalized insights, we strive to inspire confidence and promote responsible financial habits. Our ultimate goal is to empower individuals to live life on their terms, unburdened by financial stress, and equipped with the tools they need to thrive.

Balance Pro was created by Jordan Kennedy in Nashville, TN. As a college student with limited income, he wanted a simple checkbook register to keep up with his finances and an app named Balance was born. Fast forward to today, Balance Pro has expanded to be an all-encompassing money manager with features like budgeting, receipt scanning, tracking bills, and much more.

User comments

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