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Splitwise VS Textmagic

Compare Splitwise VS Textmagic and see what are their differences

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
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Alternatives Is it good?
Textmagic

Send time-sensitive texts and email campaigns, track results, and manage your business conversations on the most popular channels.

Rating
0 reviews
Pricing
Paid Free trial $0.05 (Flexible plans: pay-as-you-go or tiered SMS subscriptions)
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Alternatives Is it good?
BuyKeep by PlenDesk
Organize purchase receipts, track warranty deadlines, and download a searchable offline copy with your photos and PDFs. sponsored
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, Textmagic seems to be more popular. It has been mentioned 1 time since March 2021.

social mentions
0 vs 1
Personal Finance popularity
100% vs 0%

Base details

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

Splitwise
Textmagic
Website splitwise.com textmagic.com
Pricing —
Paid Free trial $0.05 (Flexible plans: pay-as-you-go or tiered SMS subscriptions) Official pricing
Company — Startup from the United Kingdom · 2001
Listed in
Personal Finance Expense Tracking Bill-Splitting Apps Finance +1
Communication Text Messaging Business Text Messaging SMS Marketing Email Marketing +2

About Splitwise and Textmagic

In their own words, as submitted to SaaSHub.

Splitwise
Textmagic

No description of Splitwise yet.

Textmagic is a business messaging platform trusted by over 30,000 companies worldwide. For more than 20 years, we’ve helped small and mid-sized teams communicate with customers, clients, and staff through SMS and email, whether it’s for reminders, alerts, confirmations, or marketing campaigns....

Read more about Textmagic

Features and specs

What each product offers, as listed by its team.

Splitwise 7 features
Textmagic 10 features
  • 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.
  • Send texts online
  • Two-way conversations with SMS chat
  • Schedule text messages in advance
  • SMS marketing campaigns
  • 10DLC Texting
  • SMS gateway API
  • SMS distribution lists
  • Email to SMS gateway service
  • Toll-free texting
  • Email

Analysis

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

Splitwise
Textmagic

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.

Overall verdict

  • TextMagic is a solid choice for those needing efficient text messaging services with robust functionality and support. It is well-suited for businesses of various sizes that require streamlined communication with clients or customers.

Why this product is good

  • TextMagic is generally considered a good service for businesses and individuals looking for reliable SMS marketing and communication solutions. It offers features like bulk text messaging, SMS scheduling, and easy integration with other software tools. Users appreciate its user-friendly interface, customer support, and the ability to send messages globally.

Recommended for

  • Small to medium-sized businesses
  • Marketing teams
  • Customer support teams
  • Organizations needing global SMS communication

Videos

Walkthroughs and reviews on video.

Splitwise 3 videos + Add
Textmagic 0 videos + Add

Splitwise - iPhone App Review! [2020]

More videos

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

No Textmagic videos yet. You could help us improve this page by suggesting one.

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
Splitwise
Textmagic
100% 100%
Personal Finance
0% 0%
0% 0%
SMS Marketing
100% 100%
100% 100%
Expense Tracking
0% 0%
0% 0%
Communication
100% 100%

User comments

Share your experience with using Splitwise and Textmagic. 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.

Splitwise no reviews yet
Textmagic no reviews yet

View more

  • 15 Best Twilio Alternatives 2022
    rigorousthemes.com · Dec 2021

    TextMagic's all-in-one text messaging service lets you send notifications & alerts to your existing customers at any time. What's more, you can reach out to potential leads using online texts, two way SMS, & gateway...

  • Top 10 Best Twilio Alternative Free In 2022
    www.techolac.com · Dec 2021

    On top of that, you can connect TextMagic into any third party tool that permits combinations thanks to TextMagic’s API assistance so that you can control all your communications in 1 place.

Social recommendations and mentions

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

Splitwise 0 mentions
Textmagic 1 mention

Tracking Splitwise since Mar 2021.

  • Is this phone number really not in use anymore, or has she blocked my phone number?
    I tried to call my ex gf but it said the number is not in use. But I found a website named textmagic.com which says the phone number is valid. Source: over 4 years ago

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