Software Alternatives, Accelerators & Startups

PayZip VS Open.money

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

PayZip logo PayZip

Take control of your club payments

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.
  • PayZip Landing page
    Landing page //
    2021-04-01

We know that when running a club thereโ€™s always something else to be done. Youโ€™ve got to get this monthโ€™s subs out (and some players havenโ€™t paid last monthโ€™s yet, but who?). They forgot to pay, you forgot to remind them - it happens, but maybe a bit too often.

How well is the club doing financially anyway? Youโ€™re spending way too much of your own time doing the admin, working out exactly who owes what, and what's been collected. Updating the numbers is such a hassle that you put it off, which then makes it an even bigger job. โ€

Itโ€™s all a bit of a mess.

We hear you. Collecting money neednโ€™t be time-consuming or difficult. Imagine if you could:

โœ” Collect every single payment

โœ” Know exactly where the club is financially

โœ” Spend a lot less time on admin

โœ” Get paid within minutes, not weeks

โœ” Receive and process payments automatically

โœ” Spot late payments and instantly chase them up

โœ” Record all of your payments in one place

Payzip helps you do all of this, and more. Built specifically for club treasurers and secretaries, Payzip is a member payment system that helps you get your head out of the books and back into the game.

  • 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.

PayZip

$ Details
freemium
Platforms
Browser Web Google Chrome Firefox Safari Internet Explorer Opera
Release Date
2013 March

Open.money

Website
open.money
$ Details
freemium $81.52 / Annually
Platforms
Browser Android iOS
Release Date
2017 May
Startup details
Country
India
State
Karnataka
City
Bengaluru
Founder(s)
Ajeesh Achuthan
Employees
250 - 499

PayZip features and specs

  • Easy to Set-up and use
  • Card payments
  • Simplified accounting
  • Free unpaid invoice email reminders
  • Pay as you go
  • No subscription required
  • No setup fee
  • Payment reminders
  • Apple Pay
  • Google Pay

Open.money features and specs

  • User-Friendly Interface
    Open.money offers an intuitive and easy-to-navigate interface, making it simple for users to manage their financial transactions seamlessly.
  • Comprehensive Financial Tools
    The platform provides a variety of financial management tools and features, enabling users to track expenses, budget efficiently, and gain insights into their spending habits.
  • Integration Capabilities
    Open.money supports integration with various third-party applications and financial institutions, allowing for greater flexibility and connectivity in managing financial data.
  • Data Security
    The platform places a strong emphasis on user data privacy and employs robust security measures to protect sensitive financial information.

Possible disadvantages of Open.money

  • Limited Customer Support
    Some users have reported that customer support can be slow to respond or lacks comprehensive solutions to more complex issues.
  • Region Restrictions
    Open.money may have limited availability or functionality in certain regions, potentially restricting access for some users.
  • Subscription Costs
    While offering a range of features, the premium services may come with a subscription fee, which could be a deterrent for cost-conscious individuals.
  • Learning Curve
    New users may experience a learning curve when exploring and utilizing all the advanced features and tools provided by the platform.

Category Popularity

0-100% (relative to PayZip and Open.money)
Online Payments
60 60%
40% 40
Payment Platform
100 100%
0% 0
Accounting & Finance
0 0%
100% 100
Finance
100 100%
0% 0

Questions and Answers

As answered by people managing PayZip and Open.money.

What makes your product unique?

PayZip's answer

Payzip is aimed squarely at the club treasurer, with a focus on managing and collecting payments.

Why should a person choose your product over its competitors?

PayZip's answer

Payzip is purely pay-as-you-go - there's no subscription, no app for your members (or their parents!) to install - they just can pay straight from the email invoice. With automated payment reminders and consolidated weekly payments, Payzip saves treasurers hours of time each week.

How would you describe your primary audience?

PayZip's answer

Treasurers and secretaries of sports clubs, leagues, and governing bodies.

Who are some of the biggest customers of your product?

PayZip's answer

  • Hockey Wales
  • South Wales Football Association
  • Squash Wales
  • Cowbridge Town AFC
  • Walton AC

User comments

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Reviews

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

PayZip Reviews

We have no reviews of PayZip yet.
Be the first one to post

Open.money Reviews

  1. Shule321
    ยท Director at SH technologies ยท
    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. Akhila Lalu
    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.

Social recommendations and mentions

Based on our record, Open.money seems to be more popular. It has been mentiond 1 time 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.

PayZip mentions (0)

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

Open.money mentions (1)

  • open.money bank reviews
    Has anyone used open.money for banking purpose? Source: over 2 years ago

What are some alternatives?

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

PayPal - PayPal is the faster, safer way to pay online without sharing financial details, send and receive money or accept credit and debit cards as a seller

Amaiz - Business banking built for your next move

VoPay - Driving Business Success with Advanced Fintech Solutions

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

Monzo - The bank of the future

Enalo.in - Smart business banking with current account, GST invoicing, payment gateway, bulk payouts, expense management, automated accounting, and more.