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Splitwise VS Meter

Compare Splitwise VS Meter and see what are their differences

meetergo
GDPR-compliant meeting scheduling hosted in Germany. Booking pages, built-in video calls, lead routing, CRM and payments in one tool, with all data stored in Frankfurt and a data processing agreement (DPA/AVV) included. sponsored
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Contents:
  1. » Base Details
  2. » Videos
  3. » Reviews
  4. » Alternatives

Splitwise logo 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!

Meter logo Meter

Meter is a decentralized and high-performance-based infrastructure that allows for the development of blockchain applications.
  • Splitwise Landing page
    Landing page //
    2023-01-23
  • Meter Landing page
    Landing page //
    2023-08-02

Splitwise features and specs

  • 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 of Splitwise

  • 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.

Meter features and specs

  • High Scalability
    Meter.io provides a scalable blockchain infrastructure that can handle a large number of transactions per second, supporting high throughput applications.
  • Interoperability
    Meter offers cross-chain compatibility, allowing seamless interaction with other blockchain networks without complex integrations.
  • Stable Unit of Account
    The platform uses a stable cryptocurrency, providing a more reliable means of payment and settling smart contracts compared to volatile assets.
  • Decentralization
    Meter ensures a decentralized network by utilizing a unique consensus mechanism, reducing single points of failure.
  • Low Transaction Fees
    The platform is designed to offer low-cost transactions, making it more accessible for users and businesses of all sizes.

Possible disadvantages of Meter

  • Adoption Challenges
    Like many blockchain solutions, Meter faces challenges in achieving widespread adoption and integration with existing systems.
  • Complexity
    Setting up and using Meter's blockchain might require technical expertise, which can be a barrier for non-technical users.
  • Regulatory Uncertainty
    The evolving regulatory landscape for blockchain and cryptocurrencies presents potential challenges for compliance and legality.
  • Network Effect Limitation
    Although Meter is interoperable, not all applications or users might be on board, limiting the effectiveness of cross-chain transactions.
  • Market Competition
    Meter operates in a competitive space with many other blockchain platforms offering similar solutions, which can affect its market penetration.

Analysis of Splitwise

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.

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

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

Meter videos

+ Add

Review & How To Use Watt / Power Meter to Monitor Electricity use by MECHEER

More videos:

  • Tutorial - Harbor Freight CM1000A Ames Instruments AC/DC Clamp Meter Review & how to use! New Tool Day Tuesday
  • Tutorial - Vivosun pH + TDS Meter Review - How to Calibrate Digital PH Meter

Category Popularity

0-100% (relative to Splitwise and Meter)

Splitwise

Meter

Personal Finance
100 100%
Personal Finance
0% 0
Development
0 0%
Development
100% 100
Expense Tracking
100 100%
Expense Tracking
0% 0
Finance
83 83%
Finance
17% 17

User comments

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

These are some of the external sources and on-site user reviews we've used to compare Splitwise and Meter

Splitwise Reviews

12 Best Bill Splitting Apps in 2023
Splitwise is among the most commonly used group payment apps that can easily keep a systematic record of all your informal debts including restaurant bills, travel expenses, cost of accommodation, and much more. With this expense sharing app, users can either create groups or split the bill privately among friends. Splitwise also registers and saves all the expenses and...
Source: www.mobileappdaily.com
6 Best Bill Splitting Apps for Hassle-Free Expense Sharing
Splitwise employs an intelligent algorithm to calculate the exact amount owed by each user. It shows who paid for what, how much amount was paid by each member, and any outstanding balances. Furthermore, the application also keeps everyone updated about their balances and recent transactions.
Source: www.how2shout.com
Best Bill-Splitting Apps
For example, shared items like appetizers would be split among the entire group or just a few people in the group. The app can handily accommodate large parties by allowing you to add up to 10 people to each group. Once you’ve divided up the food among all the plates you can add in tax and tip. The app is made by the same company as Splitwise and is completely free. The only...
Source: www.thebalancemoney.com
7 Best Budgeting Tools and Apps for Personal Finance
This one’s not a complete budgeting app but it’s still a handy one. Splitwise is a nifty app that helps people track how much they owe to friends and colleagues and vice versa. It makes sharing expenses on outings, meals, events, etc easy to track by logging in each transaction. It basically keeps a total over time, so that you can pay back the money in a large payment,...
Source: www.softwaresuggest.com

Meter Reviews

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

Social recommendations and mentions

Based on our record, Meter 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.

Splitwise mentions (0)

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

Meter mentions (1)

  • Swiss Franc Stablecoin on Ethereum
    A. MTR from Meter. io. Flatcoin. Coin pegged to the cost of 10 kWh of electricity. Flatcoin - neither inflationary, nor deflationary. Source: over 2 years ago

What are some alternatives?

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

Tricount - Manage and share expenses with friends

Hedera Hashgraph - A superior consensus algorithm.

Settle Up - SETTLE UP is an indispensable app for friends and flatmates who need to keep track of shared bills...

Avalanche - Avalanche was founded at MIT with the mission to create a high scalability blockchain platform that has been used by developers around the globe to create new applications that are based and run by cryptocurrency.

Splid - Splid helps friends manage their money.

Algorand - Algorand is a blockchain technology for FutureFi, which has proven stability and performance.

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