Credit card processing fees for small businesses

With our Pro Plan, you can unlock rates starting at 2.9% + $02 for the first 10 credit card transactions each month. Email invoices with a secure “Pay Now” button after you’ve enabled the online payments option. Visit your dashboard or use your invoicing or accounting features, and click the peach “Upgrade now” button. Learn more about changing subscription periods and plan types, and how to cancel your Pro subscription in our Help Centre. Shopping around for a credit card processing service (a.k.a. “merchant services”) for your small business? Quickly build project estimates and professional invoices that reflect your business.

Want to look what is the difference between retained earnings and cash more polished, save more time, and conquer cash flow? Get paid faster, for less, and stay on top of your business. Wave keeps up to date records so you’ll always have the info you need for filing – or sharing with your accountant.

Payment solutions for your business

The fact that it is free makes it a great option for those just starting out or those who want to keep their overhead as low as possible. QuickBooks includes an option to add on accounting, which adds bill management, inventory and job costing capabilities in addition to expense tracking. The platform also includes receipt capture and mileage tracking, so you can automatically gather all drop shipping sales tax the information you need to claim expenses for tax purposes in one place. Wave and QuickBooks offer comparable features for invoicing but the QuickBooks suite of services goes far beyond what Wave offers, so it can better grow with bigger businesses. As a more modern platform, Wave has a simpler and easier-to-navigate user interface (UI) while QuickBooks offers an array of features and tools that require a significant learning curve to navigate.

Deposit times may vary due to processing cutoff times or third party delays. Wave users can accept credit card payments over the phone, online or in person. Add a “Pay Now” button on invoices and you will automatically be able to receive Apple Pay, credit card payments and bank transfers. Money is typically deposited into accounts within two business days and all payments are recorded to have you set when tax season rolls around. Note that you will pay credit card processing fees on all applicable transactions.

Invoicing

1. Say #sorrynotsorry to your spreadsheets and shoeboxes.
2. Using billing software helps to eliminate some or all potential human errors by automating several processes that are normally done manually.
3. Enable invoice payments by credit card for a pay-as-you-go fee as low as 2.9% + 60¢, and watch the money roll in.
4. If you’re a freelancer or other solo service provider, Wave is a better option.

QuickBooks offers a robust set of tools that far outweigh Wave’s capabilities—but that could be a drawback for small, simple businesses. The platform offers enough features and add-ons to grow with your business, but it may be more complex than you need if you’re a one-person shop. The platform’s design is intuitive, so it’s easy for anyone to set up and use. Wave was designed specifically for small business owners like you – no CPA required. With our intuitive dashboard, you’ll be a money management pro in no time.

Bank payments(ACH/EFT)

Get more information about how it stacks up with our Wave Payroll review. If you’re a freelancer or other solo service provider, Wave is a better option. It’s free to use, and the clear user interface makes it easy for anyone to adopt and navigate, so you can spend more time offering your services and less on managing your business. Wave deposits money into your connected bank account within two business days of payment. You’ll 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’s bank account. Enable invoice payments through credit card, bank and Apple Pay.

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 restaurant accounting: a step by step guide at tax time. The software also does not provide project management features. Users are not able to assign estimates to projects or track income and expenses by project. Wave is a well-rated payroll solution that offers a self-serve employee portal, time tracking and payroll processing for both employees and contractors. However, it doesn’t automate payroll or offer a mailing service for paychecks.