Wave is PCI Level-1 certified for handling credit card and bank account information. When everything is neatly where it belongs, tax time is simple. Wave’s smart dashboard organizes your income, expenses, payments, and invoices.

To apply taxes to the fees for your goods or services on the invoice, you simply need to enter the tax rate that is applicable for your state or province. Consult with your local tax department to determine which tax rate you’ll need to apply to your invoice. Customize your invoices by choosing from a variety of templates. Then add your logo and company colors to make it look professional and personalized.

Bank payments(ACH/EFT)

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. Businesses can also add a checkout option waves invoice to websites or social media profiles so customers can order directly from an online store. That’s not the case with Wave—it provides one plan with an unlimited number of users, invoices, credit card connections and reports for free. While users never pay a monthly fee, they will have to pay a credit card processing fee of 2.9% plus 30 cents per transaction if they use Wave to process credit card payments.

Note that you will pay credit card processing fees on all applicable transactions. Another free software option to consider is FreshBooks, which lets you customize your invoice and accept online payments. Invoices can be sent for one-time charges, scheduled for regular charges, or broken up into partial payments. Customers can pay directly from an invoice by credit card, ACH bank transfer or Apple Pay — the same options offered by Wave Payments.

Wave: Small Business Software

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). In some cases, we may hold funds and request more information if we need it for the protection of your business and Wave’s. 1 Payouts are processed in 1-2 business days for credit card payments and 1-7 business days for bank payments.

• When inputting information the character count for it is super slow/delayed to where it forces me to stay on a certain page until it registers that information has been inputted.
• One of Wave’s competitors, FreshBooks, offers loads of features at very low pricing.
• Wave’s business reports are on par with some of the top invoicing solutions companies for small businesses.
• Once those estimates are approved, they can easily be transformed into invoices with the click of a few buttons.
• I’m glad the option is still available online and the system works great and the amount of different charts available is super helpful.

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. The customer support team is available to users through email and live chat, but not by phone. If you don’t live in those states, Wave can still help by crunching the numbers to give you the correct tax information and money owed. Since this is less useful, the service will be $15 per month cheaper.

Invoice Creation

They get the flexibility of paying you via credit card, bank payment, and Apple Pay; you get a reputation as a polished professional. Bank data connections are read-only and use 256-bit encryption. Servers are housed under physical and electronic protection.