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Bank payment.

Ggross1Ggross1 Member Posts: 1
It’s been 7 days since the customer has paid his bill. I haven’t received any payment yet. How long should it take? He used a bank payment.
in Wave Discussion

Comments

  • BarsinBarsin Member, Moderator Posts: 2,041 ✭✭✭

    Hey there @Ggross1

    Below is a payment timeline and pricing for our different methods of paying invoices.

    1. Credit card payment: This process takes about 2 business days to process. The fee for this method of payment is 2.9% plus an additional 30 cents per transaction. For Amex card it's 3.4 + 30 cents.

    2. ACH Bank payment: This process takes about 4-7 business days to process. The fee for this method of payment is only 1% with a minimum fee of $1. So for example if you send an invoice for $100 Wave collects $1 depositing $99 into your account, however if you invoice someone for $10, Wave collects a minimum of $1, depositing $9 into your account.

    Perks of Processing with Wave

    • all payment processing fully integrates with our free invoicing and accounting software
    • no additional fees (no subscription fee, no settlement fee, no cancellation fee)
    • no fees for refunds (all funds are returned to your client)

    Remember that weekends and bank holidays do not count towards this timeline!
    Hope this helps.

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