Wave deposits money into your connected bank account within two business days of payment. You\u2019ll pay 2.9% plus $0.60 per transaction for Visa, Mastercard and Discover; 3.4% plus $0.60 per transaction for American Express; and 1% per transaction for ACH transfer from your client\u2019s bank account. If you\u2019re being paid by a company as a vendor through a platform such as Gusto or Bill.com, it might cost you nothing to accept an ACH payment. Companies typically pay a subscription fee to use their payment processor, which covers ACH transaction fees. Some payment services, including Zelle, offer instant bank-to-bank transfers via ACH (and other networks) without additional fees.<\/p>\n

It\u2019s not bad at all, but several services are better, with Zoho Invoice in particular coming out ahead \u2013 in fact, it supports every feature mentioned here. Connecting your accounting software to your existing tech stack is vital for easy operations and efficient data management. 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\u2019t give a straight answer about why thousands of dollars in funds are being held up. When everything is neatly where it belongs, tax time is simple.<\/p>\n

Small biz-friendly software<\/h2>\n

With QuickBooks Checking, you can get integrated bookkeeping plus instant deposit of your payments, plus 1% APY interest on your balance (as of July 6, 2022). However, if you have a high-risk business or a larger business with a high volume of transactions, there are better options out there for getting paid online. If you are on Wave\u2019s paid Pro plan, you can set up recurring payments for repeat customers so these customers will be automatically billed every month.<\/p>\n

Wave Accounting Pricing FAQs<\/h2>\n

It also integrates with other Wave software to create a solid product for businesses that are looking for a simple way to invoice customers and get paid. Instant Payout is an additional service offered by Wave subject to user and payment eligibility criteria. The Pro Plan is suited for growing businesses that require more advanced financial features. It\u2019s ideal for companies in industries like professional services and mid-sized retail. This plan offers full accounting, invoicing, receipt scanning, and advanced payroll management.<\/p>\n

Visit your dashboard or use your invoicing or accounting features, and click the peach \u201cUpgrade now\u201d button. Learn more about changing subscription periods and plan types, and how to cancel your Pro subscription in our Help Centre. Both Wave and QuickBooks have the option to add payroll capabilities to your account for an additional fee. We also look at contract length and fairness and test out sales staff and customer service channels ourselves to ensure that the company uses reputable, above-the-board sales techniques. Finally, we take the company\u2019s online reputation into account, reading customer reviews and comments. Something to keep in mind is that even if you are approved for a Wave processing account, your account could get frozen or even shut down if Wave\u2019s fraud detection system deems a transaction suspicious.<\/p>\n

Once connected, you\u2019ll be able to use the app for sending and duplicating receipts as well as mobile invoicing, which lets you create, customize, and send invoices straight from their mobile device. It also sends automatic notifications, letting you know immediately when an invoice is viewed, past due, or has just been paid. You can also try out Wave Payroll, a paid service Wave offers for those who want to provide employee payroll through the platform as well. Wave Accounting secures your data with up to 256-bit TLS encryption, similar to online banking and shopping standards. Wave Accounting also offers multi-factor authentication for an extra layer of security.<\/p>\n

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Wave is a well-rated payroll solution that offers a self-serve…<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96],"tags":[],"class_list":["post-19386","post","type-post","status-publish","format-standard","hentry","category-bookkeeping"],"yoast_head":"\n