# Payback vs IOU

Payback and IOU are too close to call on the numbers: across 9 compared parameters — price, rating, ratings volume and update cadence among them — neither pulls far enough ahead to decide it. What separates them is feature set and interface, not measurable difference.

Both are free to download. Payback sells 3 in-app purchases, starting at $3.99 per month and IOU sells 3 in-app purchases, starting at $1.99 per month. Whichever you choose, the download price is not the number that matters.

On the App Store both sit at effectively the same score — 5.0 for Payback against 5.0 for IOU. Both are backed by a comparable volume of ratings — 3 and 4 respectively.

Payback ships an update weekly, IOU every 2 weeks. The most recent releases landed on October 30, 2026 and October 31, 2026 respectively.

## The numbers

| Metric | Payback | IOU |
| --- | --- | --- |
| Price | Free | Free |
| Rating | [5.0 (3 ratings)](https://appshunter.io/ios/app/payback-debt-and-iou-tracker/id6756201066/reviews) | [5.0 (4 ratings)](https://appshunter.io/ios/app/iou-owetracker/id6757933178/reviews) |
| Number of ratings | 3 | **4** |
| Positive reviews | — | 100.0% of reviews |
| In-app purchases | Yes | Yes |
| Ads | No | No |
| Update frequency | **Weekly** | Every 2 weeks |
| Monetization | Freemium | Freemium |
| Size | 4 MB | 13 MB |
| Requires iOS | 17.2 | **17.0** |
| Devices | iPhone, iPad | iPhone, iPad |
| Age rating | 4+ | 4+ |
| Developer | [Joshua Crellin](https://appshunter.io/developer/1859115556) | [MASON QULIZADA](https://appshunter.io/developer/1869718916) |

## What reviewers say

### Payback

[App page](https://appshunter.io/ios/app/payback-debt-and-iou-tracker/id6756201066)

Easily track money lent or borrowed without complex spreadsheets. Log repayments, see balances at a glance, and organize all your IOUs. Offers a free tier for basic tracking and a premium subscription for advanced features like unlimited debts and detailed reports.

**Highlights:** Track money owed and lent, Log repayments and update balances, Organize with notes and search, Home and Lock Screen widgets, Unlimited debts with subscription, Payment requests and reminders

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

**In-app purchases (3)**

| Purchase | Price | Billing |
| --- | --- | --- |
| Plus Monthly | $3.99 | per month |
| Plus Yearly | $29.99 | per year |
| Plus Lifetime | $99.99 | one-time |


### IOU

[App page](https://appshunter.io/ios/app/iou-owetracker/id6757933178)

Easily track money lent, borrowed, and owed without spreadsheets. Manage personal debts, shared expenses, and recurring bills with clear overviews of balances and payment history. Log payments instantly and stay organized with automatic tracking for monthly charges.

**Highlights:** Track money lent, borrowed, and owed, Filter debts owed to you vs. money you owe, View balances, payment history, and upcoming charges, Log partial or full payments instantly, Automatically track recurring bills and subscriptions, Private and ad-free financial tracking

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

**In-app purchases (3)**

| Purchase | Price | Billing |
| --- | --- | --- |
| OweTracker Pro – Monthly | $1.99 | per month |
| OweTracker Pro | $17.99 | per year |
| OweTracker Pro – Lifetime | $19.99 | one-time |


## Frequently asked questions

### Is Payback free?

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

### Is IOU free?

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

### Which has better reviews, Payback or IOU?

Payback and IOU are both rated 5.0 out of 5 on the App Store, from 3 and 4 ratings respectively.

### Do Payback or IOU have ads?

Neither Payback nor IOU shows ads.

### Which is updated more often, Payback or IOU?

Payback ships an update weekly, and IOU every 2 weeks. Most recently, Payback was updated on October 30, 2026 and IOU on October 31, 2026.

---

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