iWallet vs Element Pay
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
iWallet
This payment app allows you to process credit card payments and deposit checks directly from your smartphone or tablet. It eliminates banking fees and paper check handling costs, offering secure contactless payment options and built-in reputation management. Funds are transferred to your bank account within two to three business days.
- Mobile check deposits
- Contactless payments (Tap to Pay)
- Reputation management
- Tipping feature
- Unlimited sub accounts
- Fraud detection
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iWallet, a BBB A+ rated payment app to process credit cards or deposit checks in the field anytime, anywhere with a smartphone or tablet. > Mobile checks deposits into your existing bank account > Banking fees and paper check handling costs are eliminated > Tap to Pay, the most secure way to accept contactless payments > Reputation management included for no additional charge > Tipping feature built in which helps with employee retention > Unlimited sub accounts supports multiple users > Process checks risk free with optional check guarantee protection > Funds are transferred to your bank account in two to three business days. > Fraud detection instantly verifies consumer checking accounts before completing the transaction > All payments are processed through Fifth Third Bank or Well Fargo > Must be 18 years or older to use the iWallet
Element Pay
This app simplifies fuel management for corporate fleets by enabling cardless and contactless payments directly from vehicles. It authenticates the vehicle to connect to fuel pumps, eliminating the need for driver prompts or physical cards. Fleet managers receive invites to access and utilize the service.
- Cardless fuel payments
- Contactless vehicle authentication
- Direct vehicle-to-pump connection
- Fleet fuel spend management
- Invite-based access for fleets
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Corporate fleets can easily manage their fuel spend with the cardless and contactless Element Pay app. Attention fleet managers and drivers: In order to use Element Pay, your corporate fleet must be registered with Element. You will receive an invite directly from Element to access and use Element Pay at the pump. Element Pay is the easier and smarter fleet fuel payment solution. Powered by Know your Machine® software technology, which authenticates the vehicle, not the driver, Element Pay enables vehicles to connect directly to the fuel pump. No cards or driver prompts required! Element Pay – Know Your Machine® Car IQ is a financial technology company and not a bank. Credit Card Services are provided and issued by Maps Credit Union, insured NCUA. [:mav: 2.36.0]
Screenshots
Verdict
iWallet and Element Pay both sit at 4.8 stars, but that hides the real split: 100% of Element Pay's written reviews are positive against 69% of iWallet's. iWallet's advantage is ratings volume (932 vs 21) and update cadence (weekly vs every 3 weeks). On price, rating, ads and in-app purchases there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
On the App Store both sit at effectively the same score — 4.8 for iWallet against 4.8 for Element Pay. That said, the two scores are not equally well evidenced: iWallet has 932 ratings behind it against 21, so its average is the more settled of the two. Written reviews are what separate them: 69% of iWallet's written reviews are positive against 100% of Element Pay's.
iWallet ships an update weekly, Element Pay every 3 weeks. The most recent releases landed on November 7, 2026 and November 3, 2026 respectively.
| Parameter | iWallet | Element Pay |
|---|---|---|
| Price | Free | Free |
| Rating | 4.8 (932 ratings) — better | 4.8 (21 ratings) |
| Positive reviews | 69.2% of reviews | 100.0% of reviews — better |
| Number of ratings | 932 — better | 21 |
| Update frequency | Weekly — better | Every 3 weeks |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPad, iPod — better | iPhone |
| Requires iOS | 15.6 — better | 16.2 |
| Further details — not scored | ||
| Size | 157 MB | 151 MB |
| Age rating | 17+ | 4+ |
| Developer | iWallet, Inc | Car IQ Inc. |
Customer experience
iWallet
Element Pay
In-app purchases
iWallet
No in-app purchases
Element Pay
No in-app purchases
Questions
Is iWallet free?
Is Element Pay free?
Which has better reviews, iWallet or Element Pay?
Do iWallet or Element Pay have ads?
Which is updated more often, iWallet or Element Pay?
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