FCAC Complaint Policy – If you have a complaint with respect to the Code of Conduct for the Payment Card Industry in Canada, please review our policy. Developer API Including but not limited to developer.waveapps.com, api.waveapps.com. Wave Payments Customers If you’re paying an invoice through Wave’s platform, these terms apply.
Entire Agreement
- The subscription fee for the Pro Plan is per business, not per owner.
- We will make reasonable efforts to send you notice that your Payment is not complete, but you are solely responsible for ensuring payment has been sent, received, and accepted in the correct amount by the Payee.
- You authorize us to credit your account with any payments that are returned.
- You give Wave the right to resubmit any returned or invalid payments you have authorized and to re-originate the Payment.
By authorizing a Bank Payment, Payer authorizes Wave to electronically debit your bank account for the amount of the Bank Payment. You must provide verifiable bank account information and there must be sufficient available funds to cover the amount of the Bank Payment. Following the offer period, your account will automatically be charged at the listed monthly price until you cancel your subscription.
Privacy Policy
Once you initiate a Payment, we cannot assure you that we can stop or cancel the Payment. You must have sufficient funds available through the use of the card to cover the amount of the Card Payment. You agree not to initiate any Bank Payment that violates the laws of the U.S. or any other law that applies to you.
Import, categorize, and reconcile your transactions and stay organized, painlessly.
Deposits are sent to the debit card linked to your account in up to 30 minutes. As his is an electronic payment service, if you choose to withdraw your consent to receive electronic Communications, we will no longer be able to provide you with the Payment Service. Your consent to do business electronically and our agreement to do so covers all transactions you conduct through the Payment Service. When using the Payment Service to make Payments, you may elect to save your Payment information (card information or bank account information, as applicable) for future Payments. When you schedule a payment, you should allow sufficient time for the Payee to receive the Payment by gearing ratios: definition types of ratios and how to calculate its due date, which will be two (2) to three (3) business days after the Payee has accepted the Payment. You are responsible for ensuring that you have adequate available credit for Card Payments or that the funds are available in your bank account for Bank Payments.
Payees
To make a Card Payment, the Payer must provide us with a valid credit or debit card number and other information necessary to implement a payment with that card. Stripe If your processing of credit card payments is powered by Stripe, you’re bound by their Terms of Service. All payments are subject to a risk review and periodic credit risk assessments are done on business owners because we need to cover our butts (and yours). Deposit times may vary due to processing cutoff times, third party delays, or risk reviews.2Rates are 1% for bank payments (minimum fee of $1).
Make bookkeeping and tax time easy with solutions that are affordable, small biz friendly, and—dare we say—fun to use. Not all financial institutions are supported so we can’t guarantee that you will be able to connect an account. Discount applied to the listed monthly price for Wave’s Pro Plan, starting from the date the Pro Plan is purchased and continuing for three monthly payment periods. Visit your dashboard or use your invoicing or accounting features, and click the peach “Upgrade now” button.
How accepting cards and digital payments works
- Wave does not have control of, or liability for, goods or services that are paid for with the Payment Service.
- Wave lets small business owners like you create beautiful invoices, accept online payments,and make accounting easy—all in one place.
- We’ve also provided some simplified wording to summarize some of the key points, but please remember that the Agreement itself is what is legally binding.
- The average process time after the Payee accepts a Payment is usually two (2) to three (3) business days, but may take longer due to card or banking system delays or other matters outside of our control.
- Just starting your business or looking for the basics?
- We may delay, cancel or reverse a payment if we believe or suspect that a transaction is invalid, fraudulent or violates applicable law, the terms of this Agreement, your authorization to initiate a Payment, or our policies.
We encourage you to read and familiarize yourself with the updated agreement, which takes effect on January 25, 2024. We’re making some updates to this agreement. We provide different levels of support, depending on the plan and/or the add-on features you choose. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption. Learn more about changing subscription periods and plan types in our Help Center. If you’re looking for an on-the-go solution, you can install our mobile app to help you manage invoices and payments.
ACH Debit Agreement
We may request that you provide additional information to verify your identity or a Payment. A business day is defined as Monday through Friday, except for legal holidays. If the Payment Date falls on a weekend or U.S. federal holiday, it will be processed the next business day. You are solely responsible for any fees charged by your bank or any other third party in connection with your receipt of the returned Payment.
You further agree that your electronic signature (e-signature) has the same effect as your manual, physical signature. Communications are considered received by you within twenty-four (24) hours of the time they are emailed to you or posted to our website. You agree and give consent to receive Communications from us electronically. We will make reasonable efforts to send you notice that your Payment is not complete, but you are solely responsible for ensuring payment has been sent, received, and accepted in the correct amount by the Payee. We are not liable for any failure to complete a Payer’s Payment on the correct date or in the correct amount, if you provide inaccurate or incorrect information.
Plans to make yourplans happen
With Wave, your invoices and payments flow into your accounting records, helping you stay organized and prepared for tax time. The term “Communications” means any notice, record, agreement, or other types of information a thorough understanding of off balance sheet financing that are made available to you or received from you in connection with the Payment Service or other related services.The decision of whether to do business electronically is yours. You agree to cooperate with us and provide any information that may be reasonably requested by us in our investigation of any cancelled, invalidated or refused payment transactions. The average process time after the Payee accepts a Payment is usually two (2) to three (3) business days, but may take longer due to card or banking system delays or other matters outside of our control. For Payers, on the Payment Date, we will charge the Card Payment or for Bank Payments, debit the designated bank account for the payment amount.
Use of the Payment Service constitutes consent to use any personal information which you provide us during the payment process for the purposes set out in our Customer Privacy Policy and for all other related uses for which your consent may reasonably be implied. You agree that you will not hold us liable for any damages resulting from a Payee’s decision not to accept a payment. You agree and understand that the Payee is not required to accept your payment.
We may delay, cancel or reverse a payment if we believe or suspect that a transaction is invalid, fraudulent or violates applicable law, the terms of this Agreement, your authorization to initiate a Payment, or our policies. You give Wave the right to resubmit any returned or invalid payments you have authorized and to re-originate the Payment. You are solely responsible for any fees (including late, overdraft, return or over limit fees) charged by your card issuer, your bank or the Payee.
Our plans are built for small business owners at every stage! Keep your books organized and accurate and make tax time suck less. Deposit times may vary due to processing cutoff times or third party delays. Your deposit times may vary based on your financial institution. Approval is subject to eligibility criteria, including identity verification and credit review.
You will provide accurate and complete information regarding your Payments, and agree accounting and journal entry for loan payment that all information you provide, including information about a debit or credit card or bank account, is complete, accurate and true. 1Payouts are processed in 1-2 business days for credit card payments and 1-7 business days for bank payments. Accept credit cards, bank payments, and Apple Pay for as little as 1%2 per transaction.Your customers can use the secure “Pay now” button on your invoices to instantly pay you. We will return any cancelled or denied payment to your bank account or your card, as applicable.
Unlike other software, Wave is built for small business owners and solopreneurs at every stage—not accountants—so it’s easy for you to use. If you choose to cancel your subscription, it will remain active until the end of your current billing period. You can cancel your subscription up until one (1) day before your renewal date through Wave. The subscription fee for the Pro Plan is per business, not per owner. Learn how to cancel your subscription in our Help Center. The cancellation of your subscription will take effect at the end of the billing period in which you cancel.
