‎Wave: Small Business Software on the App Store

wave apps credit card fees

If you pay $95 for a card but get a $100 credit for airline incidental purchases, and you use that credit every year, for example, the card is well worth paying for. In short, it’s a great all-in-one accounting app that won’t break the bank. However, some users complain that the customer support team is not always able to solve more complex issues. Wave payroll provides you with a tax service in a way – you will gain access to important tax forms and documents.

  • This has led to some customers having their funds held or refunded.
  • Quickly create and send unlimited invoices, look like a pro with customizable templates, and get paid fast with online payments.
  • For these reasons, Wave ranks as one of the best payroll software for small business.
  • The invoice comes with a “Pay Now” button where customers can choose to pay by credit card, bank transfers (ACH), and Apple Pay.
  • Our partners cannot pay us to guarantee favorable reviews of their products or services.

So yes, it’s excellent accounting software for small businesses, freelancers, contractors, and sole proprietorships. It’s very easy to use; it has all the features you’d need. Last but not least, Wave integrates with popular accounting software. If you’re already using QuickBooks or Xero, you’ll be happy to know that Wave has add-ons to integrate with both of these popular accounting software platforms.

Mobile App

Professional, customizable invoices that are quick and easy to create. Send invoices on the go using Wave’s iOS and Android apps, which automatically sync to your accounting records so your bookkeeping is already done. Send unlimited recurring invoices to as many customers as you want—all free.

wave apps credit card fees

Today’s Wave Accounting offers robust invoicing, accounting, and receipt tracking functionality. It’s a good option to think about if you’re a small business owner looking for free cloud-based accounting software. Indeed, it’s earned a place on our accounting software for small business best of list. However, some information isn’t available until payments have been received, which can delay the company’s ability to investigate a business further. This has led to some customers having their funds held or refunded.


Note that while the accounting features are free, using Wave’s payroll tools comes with a monthly fee. Merchants can still use the platform for payment processing without using these tools. Wave Payments empowers small business owners to accept payments online with low fees. It’s fully integrated with our award-winning free accounting a commercial kitchen software and financial services so you can send invoices, get paid and organize your books all in one place. Wave accounting integrates with bank accounts, and can accept credit card payments as well as online bank transfers to your business. You can also manage paying outside contractors, and send and manage receipts.

wave apps credit card fees

Please note that these are all online rates via invoicing. Wave reports are more accounting-oriented than simple sales reporting. Report types are either accrual or cash basis, and invoice sales are categorized as receivables. This makes it less user-friendly for merchants with a limited bookkeeping background as opposed to straightforward sales records.

Online payments = 
on-time payments

This feature is perfect for those who are just getting started with accounting. The best part of Wave advisors is that they are available year-round and will provide advice tailored to your business goals. You can also reconcile your accounts, up automatic payments, and track your invoices. In addition, the receipt scanning feature allows you to attach an image to each invoice.

Even if you’ve never used accounting software before, you’ll be able to figure out Wave with ease. There’s also a dedicated invoicing mobile app to keep you going on the go. And further to that point, it’s hard to beat free accounting software with plenty of features, and Wave offers an excellent range of them for freelancers, contractors, and small businesses. This free accounting software allows you to connect your bank account and track your transactions. All debit card purchases automatically get logged and categorized.

Wave Payments VS QuickBooks

This influences which products we write about and where and how the product appears on a page. Here is a list of our partners and here’s how we make money. One click on the “Review & Pay” button in your invoice email.

Invoice status

Finally, we evaluate each according to a range of payment processing features, scalability, and ease of use. Overall, customers have found Wave easy to use and convenient for invoicing and accepting payments. They like the mobile app and dashboard features, along with the ability to make professional, branded invoices.

Customer service can be unhelpful

The agreement cites who is eligible to sign up for a Wave Payments service and the responsibilities of both parties. Once you’re approved, you can turn payments on or off for any invoice, or pick default settings for all invoices. Quickly build project estimates and professional invoices that reflect your business. Upload your logo, add customer info, share notes, and set net payment terms with ease. Bank data connections are read-only and use 256-bit encryption.