Sphere vs Wave
Invoice Payments, Pricing & Features
See how Sphere's lower invoice payment fees — 0.8% ACH vs. Wave's 1% — stack up, plus what Wave's "free" plan doesn't include.
Sphere
Wave
Sphere
Wave
Lower Payment Processing Fees = More Money in Your Pocket
Invoice payment processing fees can add up fast. Here's how much you save with Sphere compared to Wave — all processed through Stripe.
ACH / Bank Transfer Fees
For large payments, ACH bank transfers are the preferred method. But percentage fees can eat into your revenue — especially on $5,000+ invoices.
Credit Card Fees
For smaller or urgent payments, credit cards are convenient. Sphere offers the same low rate for all card types — including Amex.
Real Savings for Small Business Owners
If you're processing $50,000+ in ACH invoice payments per year, you could save $100+ annually on payment fees alone by switching from Wave to Sphere — on top of getting free bank syncing included in Sphere's Free plan.
Why Choose Sphere?
Free Bank Syncing, Actually Free
Wave's free plan doesn't include automatic bank feeds — that's a $19/month add-on. Sphere's Free plan includes bank syncing for up to 50 transactions a month at no cost.
Lower Fees, Backed by Stripe
Sphere's payment processing runs on Stripe, with lower ACH and credit card rates than Wave — including no Amex surcharge.
AI-Powered
Our AI Financial Assistant helps you understand your finances in plain English — a feature Wave doesn't offer at all.
Frequently Asked Questions
Is Wave's free accounting software actually free?
Wave's core accounting is free, but automatic bank feeds are not. To connect your bank account and sync transactions automatically, you need Wave's Pro plan at $19/month. Sphere's Free plan includes automatic bank syncing for up to 50 transactions a month at no cost.
What are Wave's invoice payment processing fees?
Wave charges 2.9% + $0.60 for credit card payments (3.4% + $0.60 for American Express) and 1% for ACH/bank transfer payments. On a $10,000 ACH payment, that's $100 in fees.
Which accounting software has the lowest ACH payment fees, Sphere or Wave?
Sphere charges 0.8% for ACH invoice payments, lower than Wave's 1%. On a $10,000 ACH payment you pay $80 with Sphere compared to $100 with Wave.
Is Sphere a good Wave alternative?
Yes. Sphere is a Wave alternative that includes free automatic bank syncing on its Free plan, unlimited users on its $25/month Basic plan, an AI financial assistant, and lower ACH and credit card processing fees, all backed by Stripe.
Ready to make the switch?
Start free today. No credit card required.