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Memberful VS Splitwise

Compare Memberful VS Splitwise and see what are their differences

Finblick
Salesforce-native accounting software for quotes, invoices, e-invoices (XRechnung, ZUGFeRD), DATEV integration, bank sync, and SEPA payments โ€“ no external tools needed. featured
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Contents:
  1. ยป Base Details
  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

Memberful logo Memberful

Professional membership software used by the web's biggest creators. Works with your website. Integrates with Stripe, WordPress, and MailChimp. Try it for free.

Splitwise logo Splitwise

Splitwise is a free tool for friends and roommates to track bills and other shared expenses, so that everyone gets paid back. On the web, iPhone, and Android!
  • Memberful Landing page
    Landing page //
    2023-07-31
  • Splitwise Landing page
    Landing page //
    2023-01-23

Memberful features and specs

  • Ease of Use
    Memberful offers an intuitive and user-friendly interface, making it easy for users to set up and manage their membership sites.
  • Integration
    It integrates seamlessly with popular platforms like WordPress, Stripe, and Mailchimp, providing a cohesive experience for users.
  • Customization
    Memberful allows extensive customization options, enabling users to tailor the service to meet their specific needs and branding requirements.
  • Security
    It provides robust security features including SSL encryption and secure payment gateways to ensure member data is protected.
  • Analytics
    Detailed analytics and reporting tools are available to help users track membership growth, revenue, and other key metrics.
  • Community and Support
    Memberful offers a supportive community and responsive customer support, assisting users with any issues they may encounter.

Possible disadvantages of Memberful

  • Cost
    Memberful can be relatively expensive, especially for small businesses or individual creators, with additional fees for processing payments.
  • Limited Built-in Features
    Compared to some competitors, Memberful has fewer built-in features, relying heavily on integrations for extended functionality.
  • Learning Curve for Advanced Features
    While basic setup is straightforward, there can be a steep learning curve for users looking to utilize advanced features and integrations.
  • Transaction Fees
    There are transaction fees involved, which may be a drawback for users with a high volume of small payments.
  • Dependency on Third-party Services
    Heavy reliance on third-party services means that any issues or limitations with those services can impact Memberful's performance and functionality.

Splitwise features and specs

  • 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 of Splitwise

  • 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.

Analysis of Memberful

Overall verdict

  • Memberful is a solid choice for individuals and organizations looking to implement a membership or subscription model. Its user-friendly interface and powerful features make it particularly appealing to creators and businesses seeking a straightforward yet flexible solution to manage their members and grow their community.

Why this product is good

  • Memberful is often praised for its ease of use, seamless integration with existing websites, and robust features for managing memberships and subscriptions. It offers a comprehensive set of tools for content creators, educators, and businesses to monetize their offerings effectively. Users appreciate its customizable options and reliable customer support.

Recommended for

  • Content creators
  • Podcasters
  • Educators
  • Online communities
  • SaaS businesses

Analysis of Splitwise

Overall verdict

  • Splitwise is a highly effective tool for managing shared expenses, especially if frequent splitting of costs is involved. Its features make it easy to track who owes what, and its automatic calculations save time and reduce errors.

Why this product is good

  • Splitwise is popular because it simplifies sharing and tracking expenses among groups, making it ideal for roommates, friends on trips, or any group spendings.
  • It automatically calculates balances and reminds users about payments, reducing the awkwardness of asking others for money.
  • Offers a user-friendly interface both on web and mobile apps, which makes managing expenses convenient and accessible.
  • Supports multiple currencies, which is great for international travel groups.
  • Integration with payment platforms like PayPal and Venmo for easy settlement of debts.

Recommended for

  • Roommates who need to regularly split household bills and expenses.
  • Groups of friends or families who often travel together and need to manage shared travel costs.
  • Colleagues or classmates working on projects or events that require shared funding.
  • Anyone who wants to avoid the hassle of manually tracking and settling shared expenses.

Memberful videos

+ Add

Easily Build a Membership Site with WordPress and Memberful

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

  • Review - Tricount vs Splitwise - App comparison
  • Demo - Splitwise Demo

Category Popularity

0-100% (relative to Memberful and Splitwise)

Memberful

Splitwise

Membership Management
100 100%
Membership Management
0% 0
Personal Finance
0 0%
Personal Finance
100% 100
E-learning
100 100%
E-learning
0% 0
Expense Tracking
0 0%
Expense Tracking
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Memberful and Splitwise

Memberful Reviews

8 Best Patreon Alternatives for Creators (2023)
Memberful is a great option if you want to sell memberships on your existing WordPress website. Itโ€™s easy to use and integrates with Stripe, making it a convenient option for accepting payments.
Source: talkbitz.com
11 Patreon Alternatives for Audience Monetization in 2023
Create your own custom website using WordPress with Memberful tools added on, or take payments for community access on Discord and Discourse.
Source: www.uscreen.tv
12+ Brilliant Patreon Alternatives to Monetize Your Audience
Memberful is a membership plugin for WordPress. It lets site owners sell memberships and customize the customer experience. Plus, it integrates with Stripe, WordPress, and Mailchimp.
Source: blog.appsumo.com
6 Patreon Alternatives for Your Startup in 2019
Memberful takes a 10% fee if you have the Starter plan. You can upgrade to Pro for $25 per month and reduce the fee to 4.9%, or Premium for a $100 monthly fee. The Premium option eliminates Memberful branding, but you must contact them for fee information.
Source: sumup.com
10 Best Patreon Alternatives
Memberful isnโ€™t a crowdfunding platform like Patreon though. Itโ€™s a website plugin so youโ€™ll only install it on your site and fans are able to sign up for subscriptions and access exclusive content. Plus, you can set Memberful up to accept subs for monthly, annual, or other lengths of time, and the users can get access to varying content levels.
Source: rigorousthemes.com

Splitwise Reviews

12 Best Bill Splitting Apps in 2023
Splitwise is among the most commonly used group payment apps that can easily keep a systematic record of all your informal debts including restaurant bills, travel expenses, cost of accommodation, and much more. With this expense sharing app, users can either create groups or split the bill privately among friends. Splitwise also registers and saves all the expenses and...
Source: www.mobileappdaily.com
6 Best Bill Splitting Apps for Hassle-Free Expense Sharing
Splitwise employs an intelligent algorithm to calculate the exact amount owed by each user. It shows who paid for what, how much amount was paid by each member, and any outstanding balances. Furthermore, the application also keeps everyone updated about their balances and recent transactions.
Source: www.how2shout.com
Best Bill-Splitting Apps
For example, shared items like appetizers would be split among the entire group or just a few people in the group. The app can handily accommodate large parties by allowing you to add up to 10 people to each group. Once youโ€™ve divided up the food among all the plates you can add in tax and tip. The app is made by the same company as Splitwise and is completely free. The only...
Source: www.thebalancemoney.com
7 Best Budgeting Tools and Apps for Personal Finance
This oneโ€™s not a complete budgeting app but itโ€™s still a handy one. Splitwise is a nifty app that helps people track how much they owe to friends and colleagues and vice versa. It makes sharing expenses on outings, meals, events, etc easy to track by logging in each transaction. It basically keeps a total over time, so that you can pay back the money in a large payment,...
Source: www.softwaresuggest.com

Social recommendations and mentions

Based on our record, Memberful seems to be more popular. It has been mentiond 8 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Memberful mentions (8)

  • Recommendations for membership plugin for a site with annual membership, members only area and purchasing tickets to a conference?
    Memberful is a platform worth taking a look at too, you can create tier options for annual memberships and you can also create one-time purchase options for events and ticket sales. Integrates with Stripe, it would do a great job with handling the membership dues and gating content as well โ€” we use it with my company and it makes it pretty seamless. Https://memberful.com/. Source: over 3 years ago
  • Securing and Encrypting Data in Node Apps
    Stripe offer the ability to create subscriptions and recurring bills, or if you want something fully managed, you can try out a membership service like Memberful. Source: almost 4 years ago
  • Do I need login/auth to get users to remove ads or can I do it without them creating an account?
    Long answer, you should probably just use regular auth but you could get creative and find other ways to do get around it. For example, when the user purchase the ad removal you send them an email with a customized link that when clicked it sets a cookie on your site that you can check and hide the ads. Then if they clear the cookie, use a different browser, etc. theyโ€™ll just need to click the link again. Could... Source: about 4 years ago
  • How can I earn 200-500$ in a month online realistically?
    One of the best ways I started making $200-$500 per month was to start a small niche community and chart for membership. I used Carrd for the landing page (https://carrd.co/), Memberful (https://memberful.com/) for the payment processing, and Playgroup (https://playgroup.community/) for the community hosting. It took a few hours to set it all up and a day to find my first subscriber. Let me know if you have any... Source: over 4 years ago
  • Can anyone recommend a membership app?
    Itโ€™s not exactly designed for IRL memberships, necessarily, but depending on your needs, I might look into Memberful, especially if payments and reminders are the key pain point. Source: over 4 years ago
View more

Splitwise mentions (0)

We have not tracked any mentions of Splitwise yet. Tracking of Splitwise recommendations started around Mar 2021.

What are some alternatives?

When comparing Memberful and Splitwise, you can also consider the following products

Kajabi - Kajabi is the only Knowledge Commerce platform today with everything you need to market, sell, and deliver your knowledge online.

Tricount - Manage and share expenses with friends

Tendenci - Tendenci - The Open Source AMS is a cloud-basedโ€‹ all-in-one management SaaS solution for Non-profits and Associations.

Settle Up - SETTLE UP is an indispensable app for friends and flatmates who need to keep track of shared bills...

WildApricot - WildApricot is a powerful cloud software to help you automate and simplify membership tasks.

Splid - Splid helps friends manage their money.

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