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Personal Finance · head to head

MoneyWiz vs PayPal

M

MoneyWiz

Personal Finance

Simple and powerful personal finance app

From
Free
Rated
-
Full reviewWebsite
PayPal logo

PayPal

Personal Finance

The simpler, safer way to pay and get paid

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Only MoneyWiz has a free tier, so it costs nothing to try first.
  • Each has a real cost: MoneyWiz there is no free tier; every plan requires a subscription; PayPal currency conversion on international purchases and sends carries a 4.00 percent fee, and 3.00 percent in other conversion scenarios
  • They diverge on capability: MoneyWiz covers Expense tracking, PayPal covers Payment processing.

Where they differ

Only the attributes on which MoneyWiz and PayPal actually diverge.

Attributes where MoneyWiz and PayPal differ
AttributeMoneyWizPayPal
Starting priceFree$29/month
Pricing modelfreemiumusage-based
Free tierYesNo
PlatformsWeb, IOS, AndroidWeb, Ios, Android, Api
Founded20111998

Identical on both: user rating (Not yet rated), category (Personal Finance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in MoneyWiz

  • Expense tracking
  • Budget management
  • Multi-currency support
  • Financial analytics
  • Bank accounts
  • Credit cards
  • IOS support

Only in PayPal

  • Payment processing
  • PayPal Checkout
  • Invoicing
  • Business debit card
  • Working capital loans
  • Shopify
  • WooCommerce
  • BigCommerce

Both cover

  • Web support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

MoneyWiz

  • Tracking personal accounts, budgets and bills across iOS, macOS, Windows and Androidnot PayPal
  • Syncing one finance database across multiple devices through MoneyWiz Cloudnot PayPal
  • Automatically importing transactions through bank syncnot PayPal

PayPal

  • Paying online merchants without sharing card detailsnot MoneyWiz
  • Sending money to friends and family domestically and internationallynot MoneyWiz
  • Holding balances in multiple currencies for cross border purchasesnot MoneyWiz

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

MoneyWiz

  • There is no free tier; every plan requires a subscription
  • Bank sync with over 40,000 banks is Premium only, at 59.99 USD a year or 5.99 USD a month
  • The Standard plan at 29.99 USD a year provides only cloud sync between devices, with no bank sync
  • Subscriptions cap usage at 15 devices and two MoneyWiz Cloud accounts
  • Priority support is restricted to the Premium tier

PayPal

  • Currency conversion on international purchases and sends carries a 4.00 percent fee, and 3.00 percent in other conversion scenarios
  • Instant transfer to a bank or debit card costs 1.75 percent of the amount, with a minimum of 0.25 USD and a maximum of 25.00 USD
  • International personal transactions carry a 5.00 percent fee regardless of payment method, with a minimum of 0.99 USD and a maximum of 4.99 USD
  • Sending domestic personal payments funded by a credit card costs 2.90 percent plus a fixed fee of 0.49 USD
  • Instant transfers are capped at 25,000.00 USD per transaction

Pricing, plan by plan

MoneyWiz

Free
  • FreeFree
    • Basic expense tracking
    • Multiple accounts
  • Premium$4.99/month
    • Advanced analytics
    • Budget forecasting
    • Custom categories

PayPal

$29/month
  • Standard$2.99/transaction
    • Card payments
    • PayPal checkout
    • Invoice payments

Which should you pick?

Choose MoneyWiz if

  • You need expense tracking.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want budget management.
MoneyWiz review

Choose PayPal if

  • You need payment processing.
  • You work on Web, Ios, Android, Api.
  • You also want paypal checkout.
PayPal review

Questions people ask

Is MoneyWiz or PayPal better?
Neither clearly leads. MoneyWiz starts at Free and PayPal at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, MoneyWiz or PayPal?
MoneyWiz has a free tier; the other does not. Paid plans start at Free for MoneyWiz and $29/month for PayPal.
Does MoneyWiz or PayPal run on more platforms?
MoneyWiz runs on Web, IOS, Android. PayPal runs on Web, Ios, Android, Api.
Can I use MoneyWiz for free?
Yes. MoneyWiz has a free tier, so you can try it without paying. PayPal starts at $29/month.
What is MoneyWiz best used for?
MoneyWiz is most often used for tracking personal accounts, budgets and bills across ios, macos, windows and android, syncing one finance database across multiple devices through moneywiz cloud, automatically importing transactions through bank sync. Of those, tracking personal accounts, budgets and bills across ios, macos, windows and android and syncing one finance database across multiple devices through moneywiz cloud are not what PayPal is typically brought in for.
What can MoneyWiz do that PayPal cannot?
MoneyWiz covers Expense tracking, Budget management, Multi-currency support, Financial analytics. PayPal covers Payment processing, PayPal Checkout, Invoicing, Business debit card. Both handle Web support, Android support.
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