Wave Pricing Wave Financial
Customers can pay instantly by credit card or Apple Pay when they view the invoice online. Unlike a majority of its competitors, Wave does not have a comprehensive mobile app. While it does offer a free iOS and Android app, the app is limited in the number of features and understanding bank loan covenants functions.
Accept credit cards
Through Wave, you can onboard and pay employees and independent contractors via direct deposit. Wave also handles payroll taxes in 14 states, but all other states are self-serve (the platform continues to add more full-service states). In full-service states, payroll in Wave costs $35 plus $6 per employee or contractor per month. In self-serve states, the cost is $20 plus $6 per employee or contractor per month. Simply email your customers an invoice and they can use the secure “Pay Now” button to send over your payment. They get the flexibility of paying you via credit card, bank payment, are dividends considered assets and Apple Pay; you get a reputation as a polished professional.
How accepting cards and digital payments works
QuickBooks offers a robust set of tools that far outweigh Wave’s capabilities—but that could be a drawback for small, simple businesses. The platform offers enough features and add-ons to grow with your business, but it may be more complex than you need if you’re a one-person shop. The platform’s design is intuitive, so it’s easy for anyone to set up and use. Wave was designed specifically for small business owners like you – no CPA required. With our intuitive dashboard, you’ll be a money management pro in no time.
- Upload your logo, add customer info, share notes, and set net payment terms with ease.
- Wave is a well-rated payroll solution that offers a self-serve employee portal, time tracking and payroll processing for both employees and contractors.
- A few taps of the keyboard to enter their payment details.
- Wave also handles payroll taxes in 14 states, but all other states are self-serve (the platform continues to add more full-service states).
- QuickBooks Pro and Premier are two different plans available that offer very similar feature sets leading to much confusion.
Approval is subject to eligibility criteria, including identity verification and credit review. Payments are a pay-per-use feature; no monthly fees here! Your deposit times may vary based on your financial institution. All payments are subject to a risk review and periodic credit risk assessments are done on business owners because we need to cover our butts (and yours). A 1% fee is applied to the amount you withdraw from your available balance (minimum fee of $1), in addition to regular processing fees.. Deposits are sent to the debit card linked to your account in up to 30 minutes.
Want to look more polished, save more time, and conquer cash flow? Get paid faster, for less, and stay on top of your business. Wave keeps up to date records so you’ll always have the info you need for filing – or sharing with your accountant.
How the Services Stack Up
We built our Payroll tool for small business owners, so it’s easy to use AND teaches you as you go. Give types of bonds: 7 bond types explained your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay. You’ll receive the money in your account in 1 business day (Canada), or 2 business days (US)1. With Wave, you get guaranteed, easy-to-understand low rates and no hidden fees, period. Pay 2.9% + 30 cents per transaction, with no surprises.
Wave Money is a free business bank account that integrates with your Wave account for easy bookkeeping and faster payments. It comes with no monthly fees and no minimum, and you can receive invoice payments instantly instead of waiting for a payment to process and hit your bank account. Wave is an up-and-coming contender in invoicing and payments software for small businesses.
Your billing and invoicing processes are also more streamlined and bills are processed and sent out in a timely manner. Both Wave and QuickBooks have the option to add payroll capabilities to your account for an additional fee. Both Wave and QuickBooks offer solid invoicing features and capabilities for small businesses. According to Visa, MasterCard and American Express merchant rules, merchants generally cannot charge a service fee when customers use their credit card.
