Wave Money business account review

You can mark invoices paid on the spot, so your records are instantly up to date. Accept payments through credit cards and bank payments to get paid even faster, for a low, pay-per-use fee. Wave Money gives you a full 360-view of your business’s finances since it handles both accounting and banking. It’s best for small business owners and freelancers who already use Wave’s main platform to send and receive invoices, process payments and manage their books. Approval to use online payments is subject to eligibility criteria, including identity verification and credit review.

1. We update our data regularly, but information can change between updates.
2. We built our payroll tool for small business owners, so it’s easy to use AND teaches you as you go.
3. When everything is neatly where it belongs, tax time is simple.

Wave has helped over 2 million North American small business owners take control of their finances. Wave has helped over 2 million small business owners in the US and Canada take control of their finances. Between the app and the payment process—I can’t tell you the hours it’s saved, and even the headaches that have liabilities in accounting gone away because of it.

Button-up your bookkeeping

Customers can pay instantly by credit card or Apple Pay when they view the invoice online. Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider. When comparing offers or services, verify relevant information with the institution or provider’s site. Talk with a financial professional complete collar colors if you’re not sure. Customers can pay by any major credit card, right from the invoices you send them.

Accounting software to keep you organized

Bank data connections are read-only and use 256-bit encryption. Servers are housed under physical and electronic protection. Wave is PCI Level-1 certified for handling credit card and bank account information. Our servers are protected physically and electronically.

Invoice on-the-go and get paid faster

Deposit times may vary due to processing cutoff times or third party delays. Accounting software helps business owners understand how money flows in and out of their businesses. This can help you save time and make financial decisions quickly. When your customers use bank payments, you’ll get your money within 1-7 business days1. You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with your business plan. Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money management tools.

Money is deposited

When mobile money succeeded in Kenya, it lifted about a million people out of poverty. And yet, over 10 years later, most Africans still lack access to affordable ways to save, transfer or borrow the money they need to build businesses or provide for their families. We update our data regularly, but information can change between updates.

The main downside of Wave Money is that it doesn’t support multi-owner businesses. Email invoices period costs with a secure “Pay Now” button after you’ve enabled the online payments option. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services. We may also receive payment if you click on certain links posted on our site.

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.

You’ll need to answer a few questions about your business and provide us with a little more information about yourself in order to get approved to accept online payments. With Wave, your invoices and payments automatically flow into your accounting records. You’ll never lose track of payments again, and you’ll be all set at tax time.