Process a payment through your invoice to get started on receiving your first deposit.

Processing a payment

This can be done in two ways through the invoice.

  1. Send your invoice to your customer. They will be able to enter their credit card or bank payment details and process the payment through the form that appears on the invoice.
  2. If your customer has provided you with their credit card information, you can process their credit card payment on your own. Under the Get Paid section of their invoice, click Charge a credit card. Enter your customer’s credit card details and click Submit payment.

You are only able to process your customer's credit card information. Bank payments must be processed by the customer themselves.

If your customer can't pay you through the invoice or you can't process the payment yourself, this means that Wave Payments isn't enabled on your account. To enable Payments, click the Accept payments button in the bottom left corner of your screen. This will take you to the Payments setup page where you can click Turn on Payments to start accepting payments from your customers.

Note: Payments setup does not need to be completed until you have processed a payment and you want your money deposited, however, you can complete it anytime before this so that it doesn't cause any delays.

Receiving your first deposit

To start the Payments application to have your money deposited into your account, click the Sales > Payments tab along the left side menu. Click Turn on Payments and follow steps 1-6 in the Payments setup to complete your application.

We recommended that the owner of the business complete the Payments setup as the application requests confidential information and the business owner's identity verification.

Once your application has been submitted and your account is active, you're ready to receive your deposit. Your first credit card payment will be deposited into your bank account in 2 business days and your first bank payment will be deposited in 2-7 business days. 

The deposit amount that you receive is the total payment minus the processing fees (2.9% + 30 cents for credit cards, 3.4% + 30 cents for American Express and 1% for bank payments). For example, if you process a $100 Visa Payment, you will receive a deposit amount of $96.80.

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To receive your first deposit, complete the Wave Payments application where we collect information on you, your business, and where you want to deposit your money.

To start the Payments application, log into Wave and click the Sales > Payments tab along the left side menu. Click Turn on Payments and follow steps 1-6 in the Payments setup to submit your application.

We recommended that the owner of the business complete the Payments setup as the application requests confidential information and the business owner's identity verification.

Once your application has been submitted and your account is active, you're ready to start accepting payments. Your first credit card payment will be deposited into your bank account in 1 business day, and your first bank payment will be deposited in 1-6 business days. 

The deposit amount that you receive is the total payment minus the processing fees (2.9% + 30 cents for credit cards, 3.4% + 30 cents for American Express and 1% for bank payments). For example, if you process a $100 Visa Payment, you will receive a deposit amount of $96.80.

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This feature is currently only available to Wave businesses located in the United States and Canada.

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