Software Alternatives, Accelerators & Startups

Splitit VS Paybooks

Compare Splitit VS Paybooks and see what are their differences

Splitit logo Splitit

Splitit is a solution that enables consumers to pay for their Retail or Web purchases using their existing credit cards and divide the total cost across as many interest-free payments as they choose, without completing a credit application or qualifโ€ฆ

Paybooks logo Paybooks

All-in-one Payroll and Compliance Software
  • Splitit Landing page
    Landing page //
    2023-09-24
  • Paybooks
    Image date //
    2025-09-11
  • Paybooks
    Image date //
    2025-09-11
  • Paybooks
    Image date //
    2025-09-11
  • Paybooks
    Image date //
    2025-09-11
  • Paybooks
    Image date //
    2025-09-11
  • Paybooks
    Image date //
    2025-09-22

Paybooks | A Transperfect Company, is on a mission to make payroll and compliance simple and worry free for businesses. At Paybooks, weโ€™re more than just a payroll solutionโ€”weโ€™re your strategic partner in building exceptional workplaces. Since 2012, weโ€™ve been driven by a singular vision: to simplify complex HR processes for businesses across India. Now, as a proud part of the TransPerfect family, we combine global expertise with our deep understanding of Indian businesses to deliver cutting-edge payroll and compliance solutions with precision and data security.

Paybooks

$ Details
paid Free Trial $28.33 / Monthly (up to 30 employees)
Release Date
2012 January
Startup details
Country
India
State
Karnataka
City
Bangalore
Founder(s)
Samira Rao, Gururaja Upendra
Employees
100 - 249

Splitit features and specs

  • Interest-Free Payments
    Splitit allows customers to pay in installments without charging any interest, making it an attractive option for those looking to spread costs over time.
  • No Credit Check
    Splitit does not require a credit check to use its services, which can be beneficial for individuals who have a limited credit history or want to avoid impacting their credit score.
  • Easy Integration
    For merchants, Splitit offers easy and seamless integration with their existing payment systems, allowing them to offer flexible payment options to customers without significant technical overhead.
  • Increase in Sales
    By offering a payment plan, Splitit can potentially increase sales for merchants as customers are more likely to make larger purchases when they can spread out payments.

Possible disadvantages of Splitit

  • Credit Card Requirement
    Customers must have a credit card with sufficient available credit to cover the full amount of the purchase, which might restrict some users from using the service.
  • Hold on Credit Amount
    While using Splitit, the customer's credit card will have a hold placed on the full amount of the purchase, potentially reducing their available credit.
  • Limited Market Presence
    Splitit's availability might be limited depending on the region, meaning not all merchants or customers can access its services globally.
  • Dependence on Card Issuers
    The service's operation depends on agreements with card issuers and networks, which may create dependency issues if partnerships change or end.

Paybooks features and specs

  • Payroll Management
    Easily process payroll while ensuring accuracy and compliance with Indian laws. From payslip generation to Form 16, Paybooks simplifies routine tasks for HR and finance teams.
  • Tax Compliance (TDS, PF, ESI, PT)
    Stay compliant with statutory regulations through automated tax and contribution calculations. Avoid penalties with timely filings and accurate deductions.
  • Payslip & Form 16 Generation
    Generate professional payslips and Form 16 documents in just a few clicks. Employees can securely access and download them anytime.
  • Attendance & Leave Integration
    Seamlessly connect payroll with attendance and leave management systems. Ensure error-free salary processing by syncing employee work data automatically.
  • Scalability for All Business Sizes
    Whether youโ€™re a startup, SME, or enterprise, Paybooks adapts to your needs. Scale effortlessly as your workforce and compliance requirements grow.
  • User-Friendly Interface
    Designed with simplicity in mind, Paybooks makes payroll intuitive even for non-experts. Navigate easily with minimal training and maximum efficiency.
  • Dedicated Support & Expertise
    Access responsive customer support backed by deep payroll domain knowledge. Rely on Paybooksโ€™ expertise to resolve queries and ensure smooth operations.

Analysis of Splitit

Overall verdict

  • Splitit is considered a good option for those looking to split payments without taking on additional debt or interest. The service can be especially appealing to consumers who want to budget for larger purchases without impacting their credit rating. However, it's important to ensure that the merchant you're purchasing from supports Splitit.

Why this product is good

  • Splitit offers a unique payment solution that allows consumers to pay for purchases over time using their existing credit cards, without incurring interest or fees. This can be beneficial for managing cash flow and making larger purchases more affordable. Additionally, because Splitit's method doesn't involve opening a new line of credit, it avoids affecting the user's credit score.

Recommended for

  • Consumers who prefer interest-free payment plans
  • Individuals looking to manage cash flow efficiently
  • Shoppers who want to avoid impacting their credit score
  • People making larger purchases who prefer to spread the cost over time

Splitit videos

SPLITIT GOES GLOBAL WITH MASTERCARD DEAL ๐Ÿ’ณ

More videos:

  • Review - 3 PROBLEMS with buy now pay later. Afterpay, Zip Pay, Splitit etc.
  • Review - How Does Splitit Work for Shoppers?

Paybooks videos

Paybooks Demo

Category Popularity

0-100% (relative to Splitit and Paybooks)
Online Payments
100 100%
0% 0
HR
0 0%
100% 100
Business & Commerce
48 48%
52% 52
HR Tools
0 0%
100% 100

User comments

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What are some alternatives?

When comparing Splitit and Paybooks, you can also consider the following products

Sezzle - Sezzle is a digital payment platform designed to help shoppers manage their financial futures with great ease.

Gusto - Gusto. Payroll, benefits and compliance in one integrated product. We're here to change how the world works, and put people first.

Klarna - Klarna provides e-commerce payment solutions for merchants and shoppers.

SumoPayroll - SumoPayroll is a fast growing online HR & Payroll management software in India, It aims to say goodbye to the paper office. Please ask us for a FREE Demo! Simple & Affordable pricing for all businesses. Signup for free upto 10 employees

PayPal Credit - PayPal Credit provides financing options to businesses.

GoExchange for Employers - GoExchange for Employers is a program that is offered by the GoHealth organization and it provides the features for the benefits of employees as well as other administration aspects.