PayPal vs Wave Payments: What’s best for your business?


Sign up for a free Wave account and send your first invoice right away—it only takes a few minutes! You can also set up recurring payments, auto-reminders, and deposit requests to make sure you always get paid on time. See invoice summaries, tap into business reports, receive payment notifications and more using our highly-rated, free mobile app, available on iOS and Android. Set up recurring invoices for your finance clients and safely store credit card info so you have one less thing to keep track of. Juggling multiple clients with different financial needs and billing rates? Create client profiles and tailored invoices based on the services you provide to each one.

  • Upload your logo, add customer info, share notes, and set net payment terms with ease.
  • This is particularly true if you don’t have much accounting experience and would like an easy-to-use, fully functional tool.
  • Unlimited invoicing, accounting, and expense tracking are included, 100% free.
  • Our money management tools are easy to use separately and more powerful together.
  • It may be a good idea to read a few Wave Accounting Software reviews first and even then you should keep in mind what the service is intended to do for your company and your workers.

All plans include 24/7 live chat support; phone support is available 5 a.m. You’ll always know who you need to communicate with and about what, so you can leave a great impression with customers. If you’re an existing Wave customer and have already been invited, you’ll be able to learn more and sign up within your Wave account under your Banking tab. The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.

What small businesses say about Wave Payments

If you ask yourself these questions it is going to be much easier to get a solid solution that will fit your budget. Wave comes with capabilities that simplifies incoming and expense tracking. It also have receipt scanning tools and bank connections.

  • We believe everyone should be able to make financial decisions with confidence.
  • If you’re taking the card in person, it will only cost you 2.6% + $0.10.
  • Get paid on time, every time with automatic payments for your repeat customers using the most powerful invoicing scheduler anywhere.
  • Customers can pay instantly by credit card or Apple Pay when they view the invoice online.
  • Wave also allows you to pay your team from anywhere with the right amount.

The software takes out manual data entry from the equation, significantly streamlining the process without compromising accuracy. The system also prepares your business for tax season without the hassle. Our what is a 12 month rolling forecast partners cannot pay us to guarantee favorable reviews of their products or services. Know when an invoice is viewed, becomes due, or gets paid, so you can take the right actions to manage your cash flow.

Accept credit cards

Customers can make payments with credit card and ACH bank transfers, as well as Apple Pay and Google Pay. Wave Payments takes care of online billing and payments in a single platform. Businesses can invoice customers by email and let them pay directly from an invoice, simplifying the billing process to just a few clicks. The software also lets businesses set up recurring invoices for scheduled payments that can charge customers’ credit cards automatically. The dashboard lets you enter credit card information manually for over-the-phone payments as well.

Get paid online

With that information at your disposal you should be equipped to make an informed buying choice that you won’t regret. With Wave, accounting and invoicing processes are simplifies, enabling users to get rid of distractions that comes with monitoring expenses, chasing payments, and managing employees and taxes. The system helps users create and send out professional looking invoicing, estimates, and receipts in a matter of moments. Tracking capabilities ensures that you are on top of your processes.

Best Free Accounting Software for Small Businesses

One click on the “Review & Pay” button in your invoice email. A few taps of the keyboard to enter their payment details. Includes tools that help automate the reconciliation process, along with a global search function and customizable dashboard; however, there is a learning curve. Wave lessens down some of your business issues, invoicing and taxation is simplified. Happy to have discovered a perfect business platform that won’t create a hole in my pockets. Every business should use Wave because it makes accounting less complicated.

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Businesses can also add a checkout option to websites or social media profiles so customers can order directly from an online store. Wave Payments empowers small business owners to accept payments online with low fees. It’s fully integrated with our award-winning free accounting software and financial services so you can send invoices, get paid and organize your books all in one place. Electronic invoices are created with online invoicing software or other cloud-based services, which makes it easy to automate the invoicing process.

Reviews often say customer service isn’t helpful, especially in working through disputed claims and chargebacks. Some customers have also complained that Wave freezes payments but won’t give a straight answer about why thousands of dollars in funds are being held up. The rate that you charge for your freelancing services can vary, so it’s important to get a grasp of market trends before sending your clients an invoice or quoting a price. Freelance rates can differ depending on experience level and industry. For example, the rate a freelance web developer charges may be different than that of a freelance graphic designer, because each freelancer specializes in a different area.

Overview of Wave Features

As long as you’re content with basic features and don’t see yourself expanding in the foreseeable future, you’ll find this completely free, easy-to-use software particularly appealing. Since you don’t have to pay anything to get started, it’s certainly worth trying out. Wave Accounting offers free software, meaning you won’t need to submit a credit card or payment information to use it. It can help you manage your bookkeeping, accounting and invoicing processes through a few internal integrations. Wave Payments allows clients that you invoice — and you can set up recurring invoices — to pay you online through any of the aforementioned methods.