Software Alternatives & Startups

Rakuten VS Splitwise

Compare Rakuten VS Splitwise and see what are their differences

Rakuten

Feel the Joy of Cash Back. Find coupons and Cash Back in just 1 click with the Rakuten browser extension

Rating
0 reviews
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.

Which is more popular?

Based on our record, Rakuten seems to be more popular. It has been mentioned 38 times since March 2021.

social mentions
38 vs 0
Coupons popularity
100% vs 0%
alternatives listed
206 vs 240+

Base details

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

Rakuten
Splitwise
Website rakuten.com splitwise.com
Pricing —
Listed in

Features and specs

What each product offers, as listed by its team.

Rakuten 6 features
Splitwise 7 features
  • Cashback Offers
    Rakuten provides cashback on purchases made through its platform, allowing users to save money on their shopping.
  • Wide Range of Retailers
    Rakuten partners with thousands of retailers, giving users multiple options for earning cashback across various categories.
  • User-Friendly Interface
    The website and mobile app are easy to navigate, providing a seamless experience for users to find deals and track their earnings.
  • Additional Savings Opportunities
    Rakuten frequently offers exclusive discount codes and special promotions, adding to the potential savings.
  • Referral Program
    Users can earn additional rewards by referring friends and family to the platform, which can result in extra cashback.
  • Payout Flexibility
    Cashback earnings can be received via check or PayPal, providing flexibility in how users want to access their funds.

Possible disadvantages

  • Delayed Cashback
    Cashback rewards often take a significant amount of time to be processed and credited to the user's account.
  • Non-Eligibility for Certain Purchases
    Not all purchases are eligible for cashback, such as those made with gift cards or certain excluded items, which can be frustrating for users.
  • Account Deactivation Risk
    Rakuten reserves the right to deactivate accounts if they suspect fraudulent activity, which may result in the loss of accrued cashback.
  • Limited International Availability
    The platform's services and cashback offers are primarily targeted at U.S. shoppers, limiting its usefulness for international users.
  • Third-Party Tracking Issues
    The tracking of purchases through third-party cookies can sometimes fail, resulting in missed cashback rewards.
  • Minimum Payout Threshold
    Rakuten requires users to meet a minimum cashback balance before payouts are issued, which can be a hindrance for infrequent shoppers.
  • 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.

Rakuten
Splitwise

Overall verdict

  • Rakuten is a good choice for online shoppers looking to save money through cashback offers and find competitive prices on a wide variety of products. Its reputation and extensive network of partner retailers make it a reliable platform for many consumers.

Why this product is good

  • Rakuten is a well-established online marketplace and cashback service that allows users to earn cashback on purchases from various retailers. It offers a wide range of products, often has competitive prices, and provides the additional benefit of cashback, which can be appealing to budget-conscious shoppers. The platform is user-friendly and features regular promotions and discounts, enhancing the overall shopping experience.

Recommended for

  • Bargain hunters looking to save money through cashback offers
  • Online shoppers who frequently purchase from Rakuten's partner retailers
  • Individuals who appreciate easy-to-use platforms with regular promotions and discounts

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.

Rakuten 3 videos + Add
Splitwise 3 videos + Add

Rakuten Cash Back Review | Used for 9 Years | Does It Work?

More videos

  • - How does Rakuten (Ebates) work? Does it really work? Review & full tutorial
  • - Rakuten Review: Best Cash Back Website?

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
Rakuten
Splitwise
100% 100%
0% 0%
0% 0%
100% 100%
100% 100%
0% 0%
0% 0%
100% 100%

User comments

Share your experience with using Rakuten and Splitwise. For example, how are they different and which one is better?

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Reviews and articles

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

Rakuten no reviews yet
Splitwise no reviews yet

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Social recommendations and mentions

Recommendations tracked on public social media and blogs since March 2021.

Rakuten 38 mentions
Splitwise 0 mentions
  • 5 Tools That Let You Code Without Writing a Single Line
    Lattice and Rakuten both use Webflow for parts of their marketing stack. - Source: dev.to / over 1 year ago
  • Samsung flagship s23 ultra, watch, and buds bought for less than 900 dollars.
    Third: Used rakuten.com to get 15% cashback which resulted to about 150$ cashback in Paypal. Using referral code gives you 40 dollars bonus. Source: almost 3 years ago
  • [Lenovo] Legion Pro 7 AMD gaming laptop - RTX 4090 (175 W) - 16" 1600p 240 Hz 500-nit display - 7945HX CPU - 32 GB RAM - 2 TB SSD - $2750 with codes EXTRA5 and GAMINGCTO - $2298 after Rakuten sign up and 15% rebate - additional 5% education/military/healthcare discount via id.me
    1: Start through Rakuten itself. Go to rakuten.com or pull up the app, search for the store you want, click the "Shop Now" button (after which you'll see a "Congratulations, you're on your way to Cash Back" loading screen), then you'll... Source: almost 3 years ago

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Tracking Splitwise since Mar 2021.

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