Learn how to set up Wave Payments to start accepting payments directly on your invoices.
Wave Payments processing fees
|Visa, Mastercard, Discover*||2.9% + 60 cents|
|American Express||3.4% + 60 cents|
|Bank payment (ACH)||1% (minimum $1 fee)|
Wave Payments processing timelines
|Businesses based in the United States|
|Credit cards||2 business days|
|Bank payment (ACH)||2-7 business days|
|Businesses based in Canada|
|Credit cards||1 business day|
|Bank payment (ACH)||1-6 business days|
How do online payments work?
Wave Payments processing fees are calculated on an invoice-by-invoice basis. Wave automatically transfers payments you receive to your bank account minus processing fees. Credit card processing fees and deposit timelines are based on the card type, and do not change depending on how your customers choose to enter their details. When you accept credit card payments, your customers can use Apple Pay or enter their details manually.
You can control which payment type you want to accept from your customers by following the steps in How do I turn off bank payments?
Learn how Wave Payments makes bookkeeping easier by fully integrated with your accounting in Wave!