Payments > Bank payments

Low cost bank payments

Give your customers the convenient option to pay your invoices right from their bank account for only 1% per transaction.

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Icon of a bank

Bank Payments processing may be unavailable

If your country isn't on our list, you can still use Wave's 100% free invoicing and accounting software to run your business better.

What are bank payments, exactly?

Wave's bank payments (ACH) option is like paying by check, but without the hassle. You'll get paid faster which saves time for both you and your customers.

Payments What is Bank Payments

What are bank payments, exactly?

Wave's bank payments (EFT) option is like paying by cheque, but without the hassle. You'll get paid faster which saves time for both you and your customers.

Payments What is Bank Payments

Safe and secure

Feel confident knowing your financial data is protected by 
the highest level of certified bank-grade 
security practices.

Payments Bank Secure

Get paid faster

Faster payments mean better cash flow. When your customers use bank payments (ACH), you’ll get your money within 2-7 business days.

Get paid in just 2 days

Get paid faster

Faster payments mean better cash flow. When your customers use bank payments (EFT), you’ll get your money within 2-7 business days.

Get paid in just 2 days

How it works

Bank Payments Howitworks Online Can

Send your invoices

Email invoices with a secure “Pay Now” button after you’ve turned on the online payments option.

Bankpay Howitworks Online Can

Get paid online

Customers can pay instantly by secure bank payment when they view the invoice online.

Bank Pay Howitworks Deposited

Money gets deposited

You’ll receive the money in your bank account in 2-7 business days.

How it works

Bank Pay Howitworks Send Us

Send your invoices

Email invoices with a secure “Pay Now” button after you’ve turned on the online payments option.

Bank Payments Howitworks Online Us

Get paid online

Customers can pay instantly by secure bank payment when they view the invoice online.

Bank Pay Howitworks Deposited

Money gets deposited

You’ll receive the money in your bank account in 2-7 business days.

As an entrepreneur, your business is your passion

Our passion is to build a suite of products that work seamlessly together to simplify the lives of business owners like you.

A suite of products that work seamlessly together to simplify the lives of business owners like you.

Accounting Free

Truly understand and manage your income and expenses. Track everything and connect to other Wave products such as payroll, payments, and invoicing. Everything is automated and in one perfect package.

More about accounting

Invoicing Free

Every invoice paid is positive incoming revenue for your business. Wave enables you to easily create and send professional invoices, with advanced features like recurring billing and automatic payments.

More about invoicing

Payments Pay-per-use

Get paid in as fast as 2 business days, enhance your brand, and look more professional when you enable Payments by Wave. Accept credit cards and bank payments on your invoices for as little as 1% per transaction.

More about payments

Payroll Monthly

Managing payroll can be tedious and time-consuming, but it doesn’t have to be. Run your payroll in minutes, with 100% guaranteed accuracy, and say goodbye to the unnecessary stress of payroll taxes.

More about payroll

Accounting Free

Truly understand and manage your income and expenses. Everything is automated and in one perfect package.

More about accounting

Invoicing Free

Every invoice paid is positive incoming revenue for your business. Wave enables you to easily create and send professional invoices, with advanced features like recurring billing and automatic payments.

More about invoicing

Priced right for small businesses

1%
per transaction ($1 minimum fee)

  • Get paid out in 2-7 business days
  • Customers pay right from their bank account
1%
per transaction ($1 minimum fee)

  • Get paid out in 2-7 business days
  • Customers pay right from their bank account

Speed up your cash flow with Payments by Wave

  • Online payments at an amazing low rate
  • No hidden fees
  • Your customers pay directly from their bank account
  • Perfect for when card payments aren't the right option
  • Get paid within in 2-7 business days
  • Bank-grade security for all online payments
  • Automate your bookkeeping: Your payments connect seamlessly with your accounting records, to keep you organized
Bank payments infographic

What are bank payments?

Customers love having options when it comes time to pay. Bank payments are a low-cost way to give them the convenience of online payments.
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Bank payments infographic

Video: How bank payments work

Learn how to accept payments right from your customer’s bank account to yours.
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How To Avoid Small Business Payment Scams

How to avoid small business payment scams

There are some pretty sophisticated scams targeting small businesses these days. This article walks through how to avoid some common scams.
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