Overview
Wave Payments provides a streamlined solution for small businesses to accept online payments directly through their Wave invoices. It integrates seamlessly with Wave's accounting software, automatically reconciling payments with invoices and updating accounting records in real-time. The system supports credit card, bank payments (ACH/EFT), and Apple Pay, enhancing customer convenience and accelerating payment cycles. Wave employs bank-grade security measures, including 256-bit SSL encryption and PCI-DSS Level 1 compliance, to protect transactions. Users can send invoices with a secure 'Pay now' button, enabling instant payments. The system offers tiered pricing, with options for starter and pro plans, impacting transaction fees. It also provides recurring billing and deposit request features through Wave Estimates, all designed to improve cash flow and reduce administrative overhead.