I prefer the pail (kitchen trashcan with a lid I can keep open) because it is just easier and it holds more. It takes two hands to open and throw in a diaper for the hanging bag and with the pail it is always open and I can just toss it in.
I have both. The hanging wet bag is for MIL and I just take it home every other day and toss it in the wash. I also take it on trips. I like the pail for our house, though.
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We started with a Planetwise hanging wet bag and ended up switching to a pail with liner. The wet bag didn't hold as much and didn't wash up that well. Plus, I needed a back up wet bag while the first was in the wash, and then drying, and I didn't want to spend so much money on a second hanging bag. So, went to target, bought a cheap trash can and 2 laundry bags ($3.99 each) and that's what we use now.
Re: "diaper pail" vs hanging wet bag
Wed to M on 11.05.05
A, born July 30, 2007
E, born April 20, 2010