# Panda Money vs Wave Merchant

The clearest difference is rating: Panda Money at 5.0 against Wave Merchant's 4.2. Panda Money also leads on update cadence (every 5 days vs every 4 months). Wave Merchant's advantage is in-app purchases (none vs 5) and ads (none vs shown). On price, review sentiment, ratings volume and device support there is nothing between them.

Both are free to download. Panda Money sells 5 one-off in-app purchases. Wave Merchant asks for nothing beyond the download.

Panda Money holds the better App Store score, 5.0 against 4.2. Both are backed by a comparable volume of ratings — 4 and 10 respectively. Written reviews split almost evenly too, at 100% and 100% positive.

Panda Money ships an update every 5 days, Wave Merchant every 4 months. Both last shipped on November 3, 2026.

## The numbers

| Metric | Panda Money | Wave Merchant |
| --- | --- | --- |
| Price | Free | Free |
| Rating | **[5.0 (4 ratings)](https://appshunter.io/ios/app/panda-money/id1629306657/reviews)** | [4.2 (10 ratings)](https://appshunter.io/ios/app/wave-merchant/id6456263921/reviews) |
| Number of ratings | 4 | **10** |
| Positive reviews | 100.0% of reviews | 100.0% of reviews |
| In-app purchases | Yes | **No** |
| Ads | Yes | **No** |
| Update frequency | **Every 5 days** | Every 4 months |
| Monetization | Free with in-app purchases | **Free** |
| Size | 96 MB | 69 MB |
| Requires iOS | 16.0 | **13.0** |
| Devices | iPhone, iPad | **iPhone, iPad, iPod** |
| Age rating | 4+ | 17+ |
| Developer | [Alto Tun Chit Oo](https://appshunter.io/developer/1622209154) | [Wave Money](https://appshunter.io/developer/1234535228) |

## What reviewers say

### Panda Money

[App page](https://appshunter.io/ios/app/panda-money/id1629306657)

Effortlessly track your finances, split bills with friends, and set spending limits. This app uses AI to log expenses from receipts and offers customizable themes and privacy controls.

**Highlights:** AI receipt scanning, Bill splitting with friends, Customizable spending limits, Multiple wallet support, Offline AI capabilities, Bill reminders, Customizable themes

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases (5)**

| Purchase | Price | Billing |
| --- | --- | --- |
| Snack Pack | $0.99 | one-time |
| Handful | $1.99 | one-time |
| Best Value | $4.99 | one-time |
| Big Bundle | $9.99 | one-time |
| Bamboo Grove | $19.99 | one-time |


### Wave Merchant

[App page](https://appshunter.io/ios/app/wave-merchant/id6456263921)

This app provides merchants with a secure platform for managing online payments and tracking transactions. It offers features like dynamic QR code payments, real-time transaction history, and business analytics to help businesses streamline their financial operations.

**Highlights:** Dynamic QR code payments, Real-time transaction history, Business analytics, Bank settlement, Secure over-the-counter payments

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases:** none


## Frequently asked questions

### Is Panda Money free?

Panda Money is free to download, with in-app purchases available.

### Is Wave Merchant free?

Wave Merchant is free to download, with no in-app purchases.

### Which has better reviews, Panda Money or Wave Merchant?

Panda Money is rated higher. Panda Money averages 5.0 out of 5 from 4 ratings, while Wave Merchant averages 4.2 from 10 ratings.

### Do Panda Money or Wave Merchant have ads?

Panda Money shows ads; Wave Merchant does not.

### Which is updated more often, Panda Money or Wave Merchant?

Panda Money ships an update every 5 days, and Wave Merchant every 4 months. Most recently, Panda Money was updated on November 3, 2026 and Wave Merchant on November 3, 2026.

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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*