Software Alternatives, Accelerators & Startups

Open.money VS Recurly

Compare Open.money VS Recurly and see what are their differences

Open.money logo Open.money

Open is a connected banking platform for business payments that simplifies the process of sending, receiving, and reconciling payments for businesses.

Recurly logo Recurly

Subscription billing and recurring billing management. Recurly offers enterprise-class subscription billing for thousands of companies worldwide.
  • Open.money Landing page
    Landing page //
    2023-09-18

Founded in 2017, OPEN is a business payments platform that empowers SMEs, startups and freelancers to manage everything from accounts payables, accounts receivables, to auto-reconciliation, accounting, expense management, compliance and payroll in one single platform. Today the platform powers more than 40 lakh SMEs and processes over USD 30 billion in annualized transactions. The platform also adds over 100,000 SMEs every month, making it the fastest-growing platform in this space globally.

In May 2022, OPEN raised its Series D round and became the 100th Unicorn from India. OPEN is backed by leading global investors like IIFL Finance, Temasek, Google, Visa, Tiger Global, Beenext, Recruit Strategic Partners, 3one4 Capital, Speedinvest, Tanglin Venture Partner Advisors, Angellist, Unicorn India Ventures, to name a few and has raised over USD190 million in funding to date.

  • Recurly Landing page
    Landing page //
    2023-10-07

Open.money videos

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Recurly videos

Recurly Demo Review - Beginners to Expert PREVIEW by Bizversity.com

More videos:

  • Demo - Recurly Product Demo
  • Review - Recurly Features - Subscription and Recurring Billing

Category Popularity

0-100% (relative to Open.money and Recurly)
Online Payments
100 100%
0% 0
Recurring Billing
4 4%
96% 96
Accounting & Finance
100 100%
0% 0
Recurring Subscription Billing

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Open.money and Recurly

Open.money Reviews

  1. Great app

    Overall, I highly recommend Open to fellow entrepreneurs and business owners. The platform offers a comprehensive set of features that streamlined my financial operations. Open provides tools for tracking expenses, invoicing clients, and managing cash flow. The user-friendly interface makes it easy to navigate and access the necessary information efficiently. The ability to connect multiple bank accounts and view consolidated financial data in one place has saved me a tremendous amount of time and effort. However, I do miss the founder's One Card, which was a valuable addition to the platform. I hope that Open considers relaunching it soon, as it provided convenience and enhanced control over business expenses.

  2. Simplifies transactions and exceptional support

    I have been utilizing Open for my business transactions, and it has been an incredible experience. It seamlessly integrates with my existing systems, making the payment process straightforward. I feel extremely secure using it, and whenever I have had inquiries, their customer support has been exceptionally helpful. Open provides a variety of payment options, which has significantly contributed to the growth of my business. Overall, my experience with Open has been exceptional.

  3. Effortless Financial Tracking with Open's Digital Dashboard

    The open digital dashboard provides the summary of my account balances, payables, and receivables, making it easy to track my finances. Moreover, the beneficiary management feature simplifies handling recipients, ensuring seamless and efficient transactions. I enthusiastically recommend it to anyone seeking to streamline their financial management.

Recurly Reviews

Payment Platforms Comparison: Stripe vs Chargebee vs Paddle vs Recurly
Recurly subscription billing software is a cloud-based billing and invoicing solution. It’s an integrated subscription management and recurring bill monitoring platform. Recurly can be considered as a third-party billing management service used with existing business merchant accounts.
Source: rainex.io
Would you use Paddle, Chargebee, Chargify, or just Stripe?
I had a couple of clients use Recurly and they preferred it because they could swap the Stripe backend out for another payment process. One of them needed to do that when they got kicked off Stripe. Another did it to save money on payment processing once they got to a certain scale.
7+ Cheap Competitors & Alternatives To Chargify
Talking about integrations, both the software allow multiple payment integrations but Chargify doesn’t support PayPal integration while Recurly can give you the option to incorporate PayPal in your Recurly account.

Social recommendations and mentions

Based on our record, Recurly should be more popular than Open.money. It has been mentiond 5 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.

Open.money mentions (1)

  • open.money bank reviews
    Has anyone used open.money for banking purpose? Source: about 1 year ago

Recurly mentions (5)

  • Ask HN: What are some low cost payment processing alternatives to Stripe?
    Https://recurly.com/ maybe, I can't find this in their pricing page, but from what I know it looks like this: revenue fee 0.500% transaction fee $0.08 and selected plan (there is free one); with your volume that would be around $3.2k a month in fees. - Source: Hacker News / 10 months ago
  • API monetization using an API Management and a billing provider
    Next, for your API monetization stack, you need a 3rd-party recurring billing solution, such as Stripe, Recurly, Hypercurrent, and many more. But again, we do not recommend any particular payment service in this post and leave the choice of which payment provider to use up to you. The billing provider obviously needs to receive usage charges for each customer, issue an invoice, and support multiple billing models,... - Source: dev.to / over 1 year ago
  • Anyone know a website builder that can do this?
    And you can use Recurly for recurring payments. Source: about 2 years ago
  • Top 10 paywall services to look forward to in 2020
    Recurly is an enterprise-class subscription management software that reduces the complexities of subscription management in order to maximise and automate revenue growth.it uses an open platform approach to quickly link to a wide range of back-office systems. In addition to allowing lightweight and scalable custom integration, Recurly also has powerful out-of-the-box integrations with enterprise applications such... Source: over 2 years ago
  • For those of you running a SaaS business, how are you receiving recurring payments?
    We are using recurly, works fine too. But I think Stripe is definitely the leader in this area. Source: over 2 years ago

What are some alternatives?

When comparing Open.money and Recurly, you can also consider the following products

Razorpay - Payment gateway solution for India with robust, developer friendly API and simple economic pricing.

Chargebee - Chargebee lets you manage subscriptions and payments at scale, handle custom recurring billing scenarios, reduce subscription churn and simplify accounting.

Stripe - Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripe’s payment platform to accept and process payments online for easy-to-use commerce solutions.

Chargify - Chargify is the best online billing software for all of your Recurring Billing needs. Learn more about simplifying your Subscription Billing today.

Zoho Books - Smart Accounting for Growing Business

GoSolo - Smart business banking for SMEs in the UK