Software Alternatives & Startups

Stripe VS Splitwise

Compare Stripe VS Splitwise and see what are their differences

Stripe

Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripe’s payment platform to accept and process payments online for easy-to-use commerce solutions.

Rating
5.0 · 1 review
Pricing
Open source
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, Stripe seems to be more popular. It has been mentioned 309 times since March 2021.

social mentions
309 vs 0
Online Payments popularity
100% vs 0%

Base details

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

Stripe
Splitwise
Website stripe.com splitwise.com
Pricing
Open source Official pricing
—
Company Startup from the United States —
Listed in

Features and specs

What each product offers, as listed by its team.

Stripe 11 features
Splitwise 7 features
  • Comprehensive API
    Stripe offers a robust and well-documented API that allows businesses to customize their payment processing to suit their specific needs.
  • Global Reach
    Stripe supports payment processing in multiple countries and currencies, making it ideal for businesses with international clientele.
  • Advanced Security
    Stripe provides advanced security features, such as PCI DSS compliance and fraud prevention tools, ensuring that both businesses and customers are protected.
  • Scalability
    Stripe is suitable for businesses of all sizes, from startups to large enterprises, offering solutions that scale with the business's growth.
  • Rich Feature Set
    In addition to payment processing, Stripe offers a wide range of features including subscription billing, invoicing, and marketplace payments.
  • Integration with Popular Platforms
    Stripe easily integrates with popular e-commerce platforms like Shopify, WooCommerce, and Magento, simplifying the setup process.
  • Easy Integration
    Stripe Checkout provides a simple solution for businesses to integrate payment processing with minimal coding effort. Developers can quickly set up payment with pre-built UI components.
  • Customizable Pre-built UI
    Stripe Checkout offers a customizable checkout page that is pre-built, allowing businesses to maintain brand identity while ensuring a seamless user experience.
  • Security and Compliance
    Stripe Checkout ensures a secure payment process by handling PCI compliance and providing advanced fraud protection, alleviating the burden from businesses.
  • Multi-currency and International Support
    Stripe Checkout supports payments in multiple currencies and offers international coverage, making it a suitable option for businesses with a global customer base.
  • Seamless Mobile Experience
    Stripe Checkout is optimized for mobile devices, offering a great user experience across all platforms without additional effort from developers.

Possible disadvantages

  • Costly for High-Volume Businesses
    Stripe's transaction fees can become expensive for high-volume businesses, especially when compared to other payment processors that offer volume-based discounts.
  • Complex Setup
    For businesses without a dedicated developer or technical team, setting up Stripe’s API and customizing it can be complex and time-consuming.
  • Limited Customer Support
    Some users have reported that Stripe's customer support can be slow to respond and may not always provide satisfactory solutions to issues.
  • Account Stability
    There have been instances where Stripe has abruptly terminated accounts or held funds, causing disruptions to businesses.
  • Subject to Chargebacks
    Like other payment processors, Stripe is not immune to chargebacks, which can be a significant issue for certain types of businesses.
  • Transaction Fees
    Stripe charges a transaction fee for each payment processed, which can add up for businesses with high transaction volumes or small profit margins.
  • Limited Customization
    While the pre-built UI is convenient, businesses have limited control over its look and feel compared to fully custom solutions.
  • Dependency on Third-party Service
    Using Stripe Checkout means relying on a third-party service for payment processing, which can be a concern if there are service outages or changes to terms.
  • Complex Use Cases
    For businesses with complex, non-standard checkout requirements, Stripe Checkout's features might be limiting, necessitating custom development.
  • 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.

Stripe
Splitwise

Overall verdict

  • Yes, Stripe is generally considered a good choice for businesses looking for reliable and flexible payment processing solutions. It is praised for its developer-friendly design and its capability to support complex billing models.

Why this product is good

  • Stripe is widely regarded as a good payment processing platform due to its ease of use, robust API, comprehensive documentation, and the ability to handle various payment methods across multiple countries. It also offers advanced security features, fraud prevention tools, and a scalable infrastructure suitable for businesses of all sizes.

Recommended for

  • E-commerce businesses seeking a reliable payment gateway
  • Developers looking for a customizable and programmer-friendly API
  • Startups and SMEs for scalability and ease of integration
  • Global businesses that need multi-currency support and international payment options

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.

Stripe 3 videos + Add
Splitwise 3 videos + Add

PayPal VS Stripe 2020: Which Online Payment Processor Is Best For Your Business?

More videos

  • - Stripe Review Video
  • - BEWARE: CLOSE YOUR STRIPE ACCOUNT!!! *BEFORE THEY DO*

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
Stripe
Splitwise
100% 100%
0% 0%
0% 0%
100% 100%
100% 100%
0% 0%
0% 0%
100% 100%

User comments

Share your experience with using Stripe 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.

Stripe 5.0 · 1 review
Splitwise no reviews yet
  • The 8 Best Payment Processing Systems
    gocardless.com · Oct 2025

    Stripe offers a more general solution sure to suit any online retailer. It’s highly customisable, meaning you can choose from a variety of APIs to match its service to your own website best. You can accept credit and...

  • Streamlined payments for SaaS
    SaaSHub review
    · Aug 2025

    We've had a good experience with Stripe so far. Very easy to get up and running and the dashboard stats are very useful. Able to take payments directly on our site. Also has a mobile app that allows you to keep an...

  • Subscription Billing Solutions Comparison: Stripe vs Recurly vs Chargebee vs Rainex
    rainex.io · Jun 2024

    Stripe is one of the world’s largest payment processing platforms, trusted by their customers for many years. In addition to gateway features, for a fee, Stripe offers billing and subscription management tools for its...

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Social recommendations and mentions

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

Stripe 309 mentions
Splitwise 0 mentions

View more

Tracking Splitwise since Mar 2021.

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