Wave vs. Paypal

Everything you need to confidently run your business.

Try Wave for free

Wave vs. Paypal

Wave plans

Paypal

Unlimited invoicing
Free
Free
Unlimited customers and products
Free
Free
Invoice customization
Free
Limited
Virtual Terminal (keyed-in transactions)
Free
$35/month
Automatic bookkeeping and reconciliation
with Pro
NO
Invoice open tracking
Free
NO
Recurring billing
Free
NO
Automatic payments
Yes
NO
Estimates
Free
NO
Credit card processing
Starting at 2.9% + $0.60 per transaction. Or unlock a 2.9% + $0 rate for the first 10 transactions of every month with Pro.
2.9% to 3.5% + 30¢ per transaction, 3.5% + 30¢ per transaction for AMEX
Free refund
Yes. Wave returns the 2.9% + 60¢ credit card payment fees.
No. Paypal keeps the processing fees when a refund is issued.

Customers love Wave

4.4 out of 5 stars based on user reviews collected by G2Crowd as of January 2024.

Star iconStar iconStar iconStar iconIcon of half filled star
4.4 out of 5 stars

This app is sensational! If you are a small business, get this app. You can’t imagine how simple it makes keeping track of your invoices.

Everything you need to confidently run your business.

Try Wave for free

Wave vs. Paypal

Here's why we think you'll love Wave.

Accounting

Powerful, cloud-based accounting software that perfectly integrates with Wave’s suite of money management tools to help you run your business better. Designed to be easy for freelancers and small business owners to use, while making accountants happy with robust reports and functionality.

Invoicing

Professional, customizable invoices that are quick and easy to create. Send invoices on-the-go using Wave’s mobile app, which automatically syncs to your accounting records so your bookkeeping is already done. Send unlimited recurring invoices to as many customers as you want.

Online payments

Flexible billing to suit any customer. Time-saving features like scheduled payment reminders and automatic credit card payments. Connects seamlessly with Wave’s free invoicing and accounting software, so you’ll always have the information you need in one place. Starting at 2.9% + 60¢ per transaction.

1 Rates are 1% for bank payments (minimum fee of $1). For information on credit card rates, visit Pricing for details.

Plans to make
your plans happen.

Save $20
Save $22
starter
Plan

Just starting your business or looking for the basics? This is the place.

$0
Get started now
  • Create unlimited estimates, invoices, bills, and bookkeeping records

  • Option to accept online payments

  • Invoice on-the-go via the Wave app

  • Manage cash flow and customers in one dashboard

pro
Plan
Recommended

Want to look more polished, save more time, and conquer cash flow? It’s Pro time.

$16/month
Billed monthly
$20CAD/month
Billed monthly
Get started now
Everything in Starter, plus….
  • Option to accept online payments at a discounted rate

  • Auto-import bank transactions

  • Auto-merge and categorize bank transactions

  • Digitally capture unlimited receipts and track expenses

  • Automate late payment reminders

  • And more!

starter
Plan

Just starting your business or looking for the basics? This is the place.

$0
Get started now
  • Create unlimited estimates, invoices, bills, and bookkeeping records

  • Option to accept online payments

  • Invoice on-the-go via the Wave app

  • Manage cash flow and customers in one dashboard

pro
Plan
Recommended

Want to look more polished, save more time, and conquer cash flow? It’s Pro time.

$220CAD/year

Billed annually

$170/year

Billed annually

Get started now
Everything in Starter, plus….
  • Option to accept online payments at a discounted rate

  • Auto-import bank transactions

  • Auto-merge and categorize bank transactions

  • Digitally capture unlimited receipts and track expenses

  • Automate late payment reminders

  • And more!

Do what you love. Leave the rest to us.
Let's do this