Accepting credit card payments on your invoices in Wave


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Accepting credit card payments on your invoices in Wave

Video Transcript

Speakers in this video: Jimmy (GetApp) and Brooke (Wave)

Brooke: Payments by Wave is something we are very excited about. We've been super focused on making this very easy for our customers. Something that you'll find normally when you sign up to process credit cards is that it's quite a long process and it can often involve a lot of paperwork. So with Wave, you actually get to set this up instantly. I'm going to show you exactly how to do that. I'm just going to click on learn more here. It takes me to our payment's page, you'll get all of our details here. Our pricing for this particular service is 2.9% plus 30 cents per transaction.

Jimmy: Okay.

Brooke: And again, Wave, you can always turn that on and off depending on the amount on the invoice. Just like all of our paid products, you can use them on an invoice per invoice basis.

When I click on turn on credit card payments, I'm going to show you exactly what happens to the invoice. Now it's notifying me that credit cards are turned on and when I go back to that particular invoice, so this is our invoice page where you could see the status. I'm going to click on the invoice and you can actually see the visual queue at the top here, credit card payments are turned on. Now, that I preview that invoice, you'll notice that the secured credit card fields are now available. So that customer can securely pay by credit card and those funds will then be transferred over to you. Now, when you do receive your first payment, you will be required to let Wave know where you would like those funds to be deposited. Although it is an instant setup to receive your first payment, it does require a couple more steps but you only have to do that once and then you're all setup and ready to go.

Jimmy: So, yeah. Now that we've setup an invoice, we've sent it out and it's awesome how we can immediately capture payment when somebody receives that invoice. Can we preview this on a device just to see how capturing payment would look?

Brooke: For sure. On a mobile device, this is exactly what the customer would see.

Jimmy: Oh, this is great!

Brooke: Yeah!

Jimmy: This is great!

Brooke: What's important at the bottom here, Trustee Certified; so that's the highest level of security that you can have. Its equivalent to what online banks would have so you don't have to worry about security. Everything is done with full compliance.