Billed vs Wave
Quick Summary
Billed publishes this comparison, and we haven't ranked or scored either product. Billed brings invoices, estimates, expenses and reports together, and it works in a web browser and in its mobile apps. Each product's details come from its own pages, checked on October 30, 2026.
Feature Comparison
| Feature | Billed | Wave |
|---|---|---|
| Send a quote Invoicing | ||
| Repeat invoices Invoicing | Pro plan or online payments | |
| Reminder to pay Invoicing | Pro plan or online payments | |
| Logo on invoices Invoicing | ||
| Files on invoices Invoicing | Pro plan | |
| Cards Payments | With online payments | |
| Expense tracking Work | ||
| Reports Work | ||
| Team access Account | Pro plan | |
| Other apps Account | Pro plan | |
| Mobile apps Account |
Comparison based on publicly available information.
Which Should You Choose?
Choose Wave
You want to take online payments through Wave itself.
Choose Billed
You want invoices, estimates, expenses and reports together in an account you use in a web browser and in mobile apps.
Detailed Feature Analysis
What each product covers
Wave: its home page says: "Wave keeps your accounting, invoicing, payments, and more in one unified system." It also lists payroll and bookkeeping help from its own team as separate services.
Billed: Billed's invoice software page says: "Billed keeps invoicing, estimates, expenses, time tracking and reports in one account." It also says: "Billed works in a web browser on any device, and Billed's mobile app page describes apps for iOS and Android."
Plans (Wave, October 30, 2026, prices in US dollars as shown)
- Starter: $0. It lists "Create unlimited estimates, invoices, bills, and bookkeeping records" and "Option to accept online payments".
- Pro: "$190USD/year", billed annually. Its list adds "Auto-import bank transactions", "Digitally capture unlimited receipts and track expenses" and "Automate late payment reminders".
Wave also lists add-ons, such as payroll and receipt capture on Starter, with prices on its pricing page. Billed's plans are on Billed's pricing page.
Invoicing
Wave: its invoicing page says: "Add your logo and brand colors to our professional invoice templates." For repeat customers it says: "Set up recurring invoices and automatic credit card payments for your repeat customers and stop chasing payments." Its features list says recurring billing with automatic payments comes "with the Pro Plan or online payments", and its reminders come "with Wave's online payments feature or the Pro Plan". Wave's plan table puts "Add attachments to invoices and estimates" on Pro.
Billed: the invoice software page says: "Choose an invoice template, add your logo and business details, and save the products and services you sell so you can pull them into an invoice instead of retyping them." It adds: "For clients you bill on a schedule, set up a recurring profile once." and "Payment reminders can be customized." It also says you can "Add files to your invoices and estimates."
Payments
Wave: customers can pay "via credit card, bank payment, or Apple Pay". On Starter, card fees are "2.9% + $0.60 per credit card transaction" and "3.4% + $0.60 per Amex transaction". Its invoicing page says: "Rates are 1% for bank payments (minimum fee of $1)." On Pro, Wave's footnote says: "While subscribed to Wave's Pro Plan, get 2.9% + $0 (Visa, Mastercard, Discover) and 3.4% + $0 (Amex) per transaction for the first ten cumulative transactions in a monthly subscription period, then 2.9% + $0.60 (Visa, Mastercard, Discover) and 3.4% + $0.60 (Amex) per transaction thereafter." Its payments page says: "Approval is subject to eligibility criteria, including identity verification and credit review."
Billed: the invoice software page says you can "take card and PayPal payments on them". The accept payments page says: "Billed charges you nothing to accept online payments with Stripe. Only Stripe standard rates apply."
Expenses, receipts and reports
Wave: its home page says you can "Track income and expenses, manage cash flow, and access reporting". Its plan table lists dashboard and reports on both plans, and receipt capture as an add-on on Starter and included on Pro.
Billed: the expenses page says: "Record what your business spends, keep each receipt with its expense, and turn your spending into expense reports you can export for your accountant." The invoice software page says: "Invoice reports show which invoices are paid, partially paid or past due, and you can see who owes you money and send them a payment reminder."
Teams, apps and integrations
Wave: its plan table puts "Add users to your account" and "Set up third-party integrations" on Pro. Its invoicing page mentions "Wave's free app for iOS and Android".
Billed: the invoice software page says: "Invite your team, accountant or contractors and give them permissions in your account." Billed's Zapier integration page says: "Billed has an app on Zapier, so a workflow can start when something changes in Billed, or create and update Billed records from another app, without code."
In-Depth Comparison Guide
Disclosure: Billed publishes this page. We haven't ranked or scored either product. Wave's plans, fees and features come from its own pages, and Billed's from Billed's product pages, all checked on October 30, 2026. Plans and fees change, so check the linked pages before you choose.
The main difference: who sets the payment fee
Wave's pricing page lists its own fee on each online payment. Billed's accept payments page says: "Billed charges you nothing to accept online payments with Stripe. Only Stripe standard rates apply."
Sample: Wave's fees on one $1,200 invoice
This sample uses Wave's own Starter rates from October 30, 2026. The invoice amount is invented for this example.
- Paid by Visa or Mastercard: 2.9% of $1,200 is $34.80, plus $0.60, so the fee is $35.40 and you receive $1,164.60.
- Paid by bank payment: 1% of $1,200 is $12.00 (above Wave's $1 minimum), so you receive $1,188.00.
- On Pro, for the first ten card payments in a monthly period, the $0.60 part is $0, so the card fee on this invoice would be $34.80.
For Billed, the fee on a card payment is Stripe's own rate, so check Stripe's pricing page for it.
Moving from Wave to Billed
Billed's guide on how to switch from Wave to Billed walks through exporting your customers and other records from Wave using Wave's own help steps, then setting up clients, payments and recurring invoices in Billed. Keep your Wave exports for your records.
Sources
- Wave: home page, pricing, invoicing and payments, checked on October 30, 2026.
- Billed: invoice software, accept payments, expenses, Zapier integration and pricing, checked on October 30, 2026.
Switching from Wave?
Billed's guide on how to switch from Wave to Billed covers exporting your Wave records with Wave's own help steps and setting up clients, payments and recurring invoices in Billed. Billed's client management page says: "Billed supports client imports so you can quickly onboard your existing client list without entering each contact manually."
Frequently Asked Questions
The Bottom Line
Wave suits a business that wants to take online payments through Wave itself. Billed suits a business that wants invoices, estimates, expenses and reports together in one web and mobile account, with card payments through Stripe. Check each product's pages for the features you rely on before you choose.
Looking at more tools than these two? See Wave alternatives.
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Ready to Try Billed?
Set up your account and send your first invoice with Billed.
When this isn't for you
This page compares invoicing, payments and the features both products' pages describe.