Gumroad VS Splitwise

• Ease of Use
  Gumroad offers an intuitive interface that makes it easy for both creators and buyers to use the platform. The setup process is straightforward, allowing creators to quickly list and sell their products.
• Flexible Product Types
  Gumroad allows a wide range of product types to be sold, including digital goods, physical products, memberships, and more. This versatility makes it a one-stop-shop for many different types of creators.
• Embedded Purchase Options
  Creators can embed Gumroad purchase buttons and widgets directly into their own websites, making it easy to integrate with existing online properties.
• Analytics
  Gumroad provides comprehensive analytics to track sales, customer behavior, and other key metrics, helping creators make informed business decisions.
• Payout Flexibility
  Gumroad offers flexible payout options including daily, weekly, or monthly payouts, letting creators choose the payment schedule that best suits their needs.
• Community and Support
  There is an active community and robust customer support available, helping users resolve issues and optimize their use of the platform.

Possible disadvantages

• Transaction Fees
  Gumroad charges a fee per transaction, which can add up, particularly for high-volume sellers. This can eat into profits compared to other platforms with lower fees.
• Limited Customization
  While the interface is user-friendly, it offers limited customization options for branding and design, which might not be suitable for creators looking for a more tailored online store.
• Digital Rights Management
  Gumroad does not offer strong Digital Rights Management (DRM) features, which can be a concern for creators selling digital content like eBooks and software.
• Advanced Features
  While Gumroad offers many features, it lacks some advanced capabilities found in specialized e-commerce platforms, such as complex inventory management or advanced SEO tools.
• Payment Gateways
  Gumroad only supports payments through major credit cards and PayPal, which might limit options for international buyers or those looking for alternative payment methods.
• Customization for Checkout Process
  The checkout process is mostly controlled by Gumroad, and offers limited customization. This might not meet the needs of creators who want more control over the buyer's experience.

• User-Friendly Interface
  Splitwise provides an intuitive and easy-to-navigate interface, making it straightforward for users to add expenses, keep track of debts, and settle up.
• Multi-Platform Availability
  Available on the web, iOS, and Android, Splitwise ensures users can access and manage their expenses from almost any device.
• Expense Tracking
  The app allows users to easily log and categorize expenses, which can be particularly useful for group trips, shared households, or any shared financial responsibility.
• Flexible Split Options
  Users can split expenses equally, by percentages, shares, or custom amounts, providing flexibility in how costs are divided among group members.
• Currency Conversion
  Splitwise supports multiple currencies, which is handy for international travel or groups with members from different countries.
• Bill Reminders
  The app sends reminders for outstanding balances, helping users to stay on top of their payments and avoid forgotten debts.
• Integration with Payment Platforms
  Splitwise can integrate with payment platforms like PayPal and Venmo for easy settlement of balances.

Possible disadvantages

• Privacy Concerns
  Since Splitwise involves sharing financial information with others, there could be privacy concerns for those unwilling to share detailed expense data.
• Subscription-Based Features
  Some advanced features, such as expense exporting and additional integrations, require a Splitwise Pro subscription.
• Manual Entry Requirement
  Splitwise requires users to manually enter expenses, which could be time-consuming and prone to errors if not done diligently.
• Limited Automatic Reconciliation
  While Splitwise helps track who owes whom, it does not automatically reconcile or pay off balances, leaving users responsible for manual payment.
• Dependency on Group Honesty
  The accuracy of the expense records relies on the honesty and diligence of all group members, which may not always be reliable.
• Potential for Confusion
  The various options for splitting bills (equally, by shares, etc.) can sometimes lead to confusion or disputes among users over what is fair.

Gumroad Review & Tutorial: Should You Use it To Sell Your Products in 2019?

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Tracking Splitwise since Mar 2021.