Software Alternatives & Startups

Payhip VS Splitwise

Compare Payhip VS Splitwise and see what are their differences

Payhip

Sell digital downloads, courses, coaching, and more from one simple platform.

Rating
4.0 · 1 review
Pricing
Freemium Free trial
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!

Rating
0 reviews
Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.

Base details

Website, pricing, platforms and company facts side by side.

Payhip
Splitwise
Website payhip.com splitwise.com
Pricing
Freemium Free trial Official pricing
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Platforms
Shopify Wix Squarespace BigCommerce WooCommerce Wordpress Ecwid +4
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Company Startup from the United Kingdom —
Listed in

About Payhip and Splitwise

In their own words, as submitted to SaaSHub.

Payhip
Splitwise

We make it easy for you to sell anything online anywhere. Digital downloads: Sell any type of digital download such as ebooks, software, design assets, templates, video, music and more. If you can save it, you can sell it. Online courses: Create online courses with rich features such as videos,...

Read more about Payhip

No description of Splitwise yet.

Features and specs

What each product offers, as listed by its team.

Payhip 9 features
Splitwise 7 features
  • Sell Digital Downloads
    Sell any type of digital download such as ebooks, software, design assets, templates, video, music and more. If you can save it, you can sell it.
  • Sell Online Courses
    Create online courses with rich features such as videos, digital files, quizzes and assignments. Publish drip courses and provide completion certificates.
  • Sell Coaching Services
    Sell your expertise through 1:1 coaching sessions. Easily set up online meetings with clients using integrations with Zoom, Calendly and more.
  • Sell Memberships
    Allow your customers to pay you on a recurring basis to access your digital downloads or membership group. Manage your members easily.
  • Sell Physical Products
    Sell and manage inventory for any physical products. Manage your store, fulfill orders, run promotions and more.
  • Store Builder
    Create a stunning website that captures the hearts and attention of your customers with our easy-to-use store builder.
  • Embeds
    Embed Payhip's products any eCommerce sites such as Shopify, Wix, and more.
  • Auto-handling of UK & EU VAT
    We are fully compliant and can report & pay digital EU & UK VAT on your behalf.
  • Powerful Marketing Tools
    Drive sales and conversions with our powerful built-in marketing tools such as affiliate marketing, coupon codes, referrals, and more.
  • 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.

Analysis

An editorial look at what each product does well and who it suits.

Payhip
Splitwise

Overall verdict

  • Payhip is a viable choice for small to medium-sized businesses and individual creators looking to sell digital products online. It is praised for its simplicity, affordability, and flexibility, making it a strong option in the e-commerce space.

Why this product is good

  • Payhip is generally considered a good platform for digital product sales due to its user-friendly interface, ease of use, and affordable pricing. It offers features like a simple setup process, integration with third-party tools, and comprehensive customer management. Additionally, it provides tools for marketing, such as discount codes and affiliate options, which can enhance sales potential.

Recommended for

    Payhip is recommended for authors, digital content creators, artists, and small businesses who want to sell e-books, software, memberships, courses, or other digital products without the hassle of building a custom e-commerce platform.

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.

Videos

Walkthroughs and reviews on video.

Payhip 6 videos + Add
Splitwise 3 videos + Add

Payhip.com Review | How To Sell Your eBook Online

More videos

  • - How to Sell an eBook Online ABSOLUTELY FREE using Canva + Payhip
  • - How Payhip Works - Sell ebooks direct
  • - GUMROAD VS PAYHIP Review - Which is Better? Pricing, Comparison & Features
  • - Payhip Review - A Good Platform for Selling Digital Products?
  • - PayHip Review - Is This Legit & Can You Use This Platform To Make Money Online? (Watch First!)

Splitwise - iPhone App Review! [2020]

More videos

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

Category popularity

How often each product is chosen within a category, 0–100% relative to the other.

Score bands 0–20 21–40 41–50 51–60 61–100
Payhip
Splitwise
100% 100%
0% 0%
0% 0%
100% 100%
100% 100%
0% 0%
0% 0%
100% 100%

User comments

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Reviews and articles

External articles and on-site reviews we used to compare the two products.

Payhip 4.0 · 1 review
Splitwise no reviews yet
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    At the same time, Payhip does not differentiate between its free users and paid users when it comes to features. So, even if you are a free-plan user of Payhip, you will have access to every Payhip feature.

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Alternatives to Payhip and Splitwise

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