Wave is 100% free-to-use, opting instead for a fee-based system with a transaction percentage fee and a base transaction fee. There are no limits on the number of invoices, customers, or other plan-based limitations.
Additionally, you can choose to skip the 2 business day waiting period with Wave’s “Instant Payouts” feature. This feature works similarly to Venmo and other person-to-person payment solutions. Instead of using the standard traditional banking methods, Instant Payouts pushes money to your business bank account using the Visa and Mastercard networks. This costs an additional 1% fee, totaled after the original fee has been applied.
Wave also offers bank payments (ACH). Their fee for these payments is a 1% fee with a $1 minimum transaction.