Splitwise vs. Beem: Which is Better for Payments?

Welcome to the ultimate Splitwise vs. Beem comparison guide, where we’ll dissect the strengths and weaknesses of these two financial tools.

Whether you’re navigating group expenses with friends or seeking a versatile digital wallet, we’ve got you covered.

The main difference is that Splitwise specializes in group expense tracking and bill splitting, while Beem offers a broader range of features as a digital wallet and payments app

Splitwise vs. Beem: Overview of Key Features

This table summarizes the key features and how they compare.

Key FeaturesSplitwiseBeem
Group Expense TrackingSpecialized in intricate bill splitting.Covers basic group expense tracking, less specialized.
Digital PaymentsNot the primary focus; secure transactions within app.Versatile digital wallet with buyer protection.
Bill SplittingExcels in detailed bill splitting scenarios.Covers basic bill splitting; less specialized.
Payment SecurityEnsures secure transactions within the app.Emphasizes secure transactions with buyer protection.
Overall User InterfaceUser-friendly interface for intuitive use.User-friendly but may have a steeper learning curve.
Integration with ServicesOffers some third-party integrations.Seamless integration within Google ecosystem.
Customer SupportProvides support through help center and email.Offers support through help center and contact option.

What is Splitwise and How Does it Work?

Splitwise is a specialized expense management tool designed to simplify group expenses and bill splitting. Users can effortlessly track shared expenses and ensure fair contributions among friends, roommates, or colleagues. The app streamlines the process by allowing users to input expenses, specify each person’s share, and calculate debts accurately.


  • Efficient Bill Splitting: Specialized in intricate bill splitting scenarios.
  • User-Friendly Interface: Intuitive design for easy expense tracking.
  • Shared Apartment Management: Ideal for managing shared living expenses.
  • Free Basic Plan: Offers essential features at no cost.
  • Splitwise Pro: Advanced functionalities, including receipt uploads.


  • Limited Digital Payment Features: Not designed as a primary digital payment platform.
  • Focused on Group Expenses: Less specialized for individual transactions.
  • Premium Features at a Cost: Some advanced features are subscription-based.
  • May Lack Detailed Features: Not as comprehensive for complex financial scenarios.

What is Beem and How Does it Work?

Beem is a versatile digital wallet and payments app offering a broad range of features for personal and business transactions. Users can make quick and secure digital payments, with additional features tailored for businesses.

Beem integrates seamlessly within the Google ecosystem, providing a cohesive experience across various apps and services.


  • Versatile Digital Wallet: Comprehensive features for personal transactions.
  • Seamless Google Ecosystem Integration: Enhances user experience across services.
  • Buyer Protection: Provides additional security for eligible transactions.
  • Suitable for Personal and Business Use: Versatility for diverse financial needs.
  • Additional Business Features: Tailored functionalities for business transactions.


  • Limited Specialization in Group Expense Tracking: Not as focused as Splitwise in this aspect.
  • Learning Curve: May require time for users to explore various features.
  • Transaction Fees for Businesses: Businesses may incur fees for transactions.
  • Not Specialized for Detailed Bill Splitting: Primarily a digital wallet, lacks Splitwise’s detailed bill-splitting focus.

Splitwise vs. Beem: Complete Feature Comparison

Let’s delve into a detailed comparison of the features, usability, and performance of both tools, offering insights into which one aligns better with your financial management needs.

Group Expense Tracking:

Splitwise: Splitwise takes the lead in group expense tracking, offering a specialized platform designed for effortless collaboration. Users can input expenses, specify each person’s share, and efficiently settle debts. It simplifies intricate bill splitting, making it perfect for group dinners, shared apartment expenses, or any scenario involving collective spending. Its intuitive interface ensures a seamless experience for users of all levels.

Beem: While Beem covers basic group expense tracking, it lacks the specialized focus that Splitwise provides. Its primary strength lies in versatility, offering a broad range of features beyond group expenses. Beem may not be as efficient or specialized for intricate bill splitting scenarios, making it better suited for users with diverse financial needs.

Verdict: Splitwise excels in group expense tracking, providing a specialized and efficient solution for shared expenses.

Digital Payments:

Splitwise: Digital payments are not the primary focus of Splitwise. While it ensures secure transactions within the app, it lacks the extensive functionality and versatility found in dedicated digital payment platforms.

Beem: Beem takes the lead in digital payments, offering a versatile digital wallet with a broad range of features. Users can make quick and secure transactions, catering to both personal and business needs. Its buyer protection feature enhances the overall security of digital payments.

Verdict: Beem emerges as the winner for digital payments, providing a comprehensive and user-friendly platform.

Bill Splitting:

Splitwise: Splitwise excels in simplifying intricate bill splitting scenarios, ensuring fairness and accuracy. Whether it’s splitting a restaurant bill or managing shared living expenses, Splitwise’s user-friendly interface makes the process seamless and efficient.

Beem: While Beem covers basic bill splitting, it is not as specialized or detailed as Splitwise. Its primary focus is on providing a versatile digital wallet, making it less suitable for complex bill-splitting scenarios.

Verdict: For bill splitting, Splitwise is the preferred choice, offering a specialized and efficient solution.

Payment Security:

Splitwise: Splitwise prioritizes payment security, ensuring that transactions within the app are conducted in a secure environment. Users can trust that their financial data is handled with the utmost security.

Beem: Similarly, Beem places a strong emphasis on secure transactions, offering features like buyer protection for eligible transactions. Users can rely on Beem for a secure digital payment experience.

Verdict: It’s a tie! Both Splitwise and Beem prioritize payment security, providing users with a safe and reliable platform for financial transactions.

Overall User Interface:

Splitwise: Splitwise boasts a user-friendly interface designed for intuitive expense tracking and bill splitting. Its simplicity and ease of use make it accessible to users of all levels, ensuring a positive user experience.

Beem: While Beem also offers a user-friendly interface, it may have a steeper learning curve due to its broader range of services. Users may need some time to explore its various features and functionalities.

Verdict: For overall user interface, Splitwise takes the lead, providing a straightforward and user-friendly experience.

Integration with Other Apps/Services:

Splitwise: Splitwise offers some third-party integrations, but its focus is primarily on expense tracking and bill splitting. It may not match the depth of integration found in Beem.

Beem: Beem shines in integration, seamlessly fitting within the Google ecosystem. Its cohesive experience across various apps and services enhances the overall user experience.

Verdict: Beem is the winner for integration with other apps and services, offering a seamless experience within the broader digital ecosystem.

Customer Support:

Splitwise: Splitwise provides customer support through a help center and email support, ensuring users can find answers to common queries and receive assistance when needed.

Beem: Similarly, Beem offers customer support through a help center and provides a contact option for users facing issues. Users can access resources to navigate the platform effectively.

Verdict: It’s a tie! Both Splitwise and Beem prioritize customer support, offering resources to assist users in navigating their platforms.

Splitwise Use Cases:

  1. Apartment Expense Management at FreePoint Residences: In the real world, Splitwise simplifies shared living expenses at FreePoint Residences. Roommates collectively use Splitwise to track and split bills for rent, utilities, and groceries. Each expense is effortlessly logged, and the app calculates each person’s share, ensuring fair contributions. This use case showcases how Splitwise streamlines financial collaboration in shared living spaces, reducing conflicts and ensuring transparent expense management.
  2. Dinner Splitting at Local Eats: Consider a group of friends enjoying a meal at a local restaurant. Splitwise comes into play, allowing each diner to input their expenses, from appetizers to desserts. The app then divides the total bill, considering individual shares and accounting for shared items. This practical use case demonstrates how Splitwise makes dining out with friends a breeze, eliminating the headache of manually splitting bills and ensuring everyone pays their fair share.

Beem Use Cases:

  1. Small Business Transactions at ABC Boutique: At Indigenous Boutique, a local business, Beem serves as the go-to digital wallet for transactions. Customers seamlessly make purchases using Beem, benefiting from quick and secure transactions. The buyer protection feature adds an extra layer of security, enhancing the overall trust and reliability of digital payments. This real-world example illustrates Beem’s versatility in catering to the transaction needs of small businesses.
  2. Digital Wallet Convenience at Primal Tech Store: Imagine a tech store like Primal Tech, where customers use Beem as their digital wallet for purchases. From buying the latest gadgets to paying for tech accessories, Beem offers a convenient and efficient way for customers to handle transactions. Its versatility goes beyond basic payments, providing users with a comprehensive digital wallet experience. This use case showcases Beem’s adaptability in diverse retail environments, making it a reliable choice for tech enthusiasts and shoppers alike.

Splitwise Pricing

Free PlanBasic expense tracking and bill splittingFree
Splitwise ProPremium features, including receipt upload$4.99 per month or $47.99/yr

Free Plan:

  • Basic expense tracking for shared bills.
  • Efficient bill splitting functionalities.

Splitwise Pro:

  • Advanced features, including the ability to upload and attach receipts.
  • Ad-free experience for enhanced usability.
  • Priced at $4.99 per month or $47.99 per year, offering cost savings for annual subscriptions.

Beem Pricing

Free Digital WalletBasic features for personal useFree
Beem BusinessAdditional features for business transactionsTransaction fees may apply

Free Digital Wallet:

  • Basic digital wallet features for personal use.
  • Quick and secure transactions.

Beem Business:

  • Additional features tailored for business transactions.
  • Transaction fees may apply for businesses using Beem.

What to Consider When Choosing Between Splitwise and Beem

Factors to weigh:

  1. Primary Financial Needs: Evaluate whether shared expenses or versatile digital transactions are your priority.
  2. User-Friendliness: Consider the ease of use for your preferred financial management style.
  3. Integration with Other Services: Assess how each tool integrates within your broader digital ecosystem.
  4. Digital Payment Requirements: Gauge your emphasis on digital payments and transaction features.
  5. Cost Considerations: Review the pricing structures based on your budget and perceived value.


Common questions answered:

  1. Is Splitwise secure for transactions?
    • Yes, Splitwise ensures secure transactions within the app.
  2. Does Beem offer buyer protection?
    • Yes, Beem provides buyer protection for eligible transactions.
  3. What are the transaction fees for Beem businesses?
    • Businesses using Beem may incur transaction fees based on the nature of transactions.
  4. Which tool is better for detailed bill splitting: Splitwise or Beem?
    • Splitwise excels in detailed bill splitting for shared expenses.

Splitwise vs. Beem: Takeaway

For seamless group expense tracking and simplified bill splitting, Splitwise is the ideal choice.

However, if you require a versatile digital wallet with a broader range of features for personal and business transactions, Beem takes the lead.

Consider your specific financial needs, preferences, and priorities to make the best choice for your financial management journey.