Compare
What the alternatives actually do
Most comparisons in this market compare things that are not alternatives. A Wallet-pass tool and a payment platform overlap for about one screen. These four pages say plainly what each product does, and where it stops.
Updated
Updated
Two kinds of comparison
One is about a model. The other three are about products.
Which model
Closed-loop and open-loop are not competitors: most businesses run both. The question is which one a given programme belongs in.
Which product
Within closed-loop, the products differ mostly in how much of the stack they give you and how long it takes to get live.
All four comparisons
Start with the model if you are deciding what to build, and with the products if you have already decided.
Closed-loop vs open-loop
Two payment models, what each is for, and why almost every business ends up running both rather than choosing.
Best forDeciding where a programme belongs
Open 027Konto vs PassKit
PassKit distributes Wallet passes. 7Konto processes payments. What that difference means in practice.
Best forTeams who started with passes
Open 037Konto vs Badge
Badge does gift cards in Wallet well. Where a programme needs more than gift cards, the comparison changes.
Best forGift-card-first programmes
Open 04An SDK.finance alternative
A source-licensed enterprise platform against turnkey SaaS: budget, timeline and who operates the result.
Best forEnterprise buyers comparing build models
OpenQuestions about this
What is a closed-loop payment platform?
It lets you issue and process payments inside your own ecosystem — gift cards, prepaid balances, employee accounts — without routing every transaction through Visa, Mastercard or a bank. The funds stay in your system, so the fees, the data and the customer experience are yours to set.
How is 7Konto different from PassKit or Badge?
Those are Wallet pass products: they distribute passes, they do not process payments. 7Konto is a closed-loop payment platform with a ledger, transaction processing, POS integration, an online checkout widget and PSP embedding. A card issued here carries a real balance that is charged in real time.
Is this the Starbucks model?
The same economics, without the app. Starbucks built a custom application customers had to install, and holds a very large prepaid float as a result. 7Konto delivers the closed-loop side of that through Apple Wallet and Google Wallet, so there is no app to develop and no install step to lose people at — and through PSP embedding it extends to a whole merchant portfolio rather than one brand.
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