Wave vs Razorpay

QuickBooks Enterprise

QuickBooks Online

FreshBooks

Stripe

PayU

Compare Wave and Razorpay based on features, pricing, verified reviews, integrations & more on GetApp. Find out which software is best for your business in 2026.

FreshBooks is accounting software that helps small business perform accounting tasks, conduct invoicing, manage expenses, and more.

QuickBooks Desktop Enterprise is an accounting software for small businesses which provides users with real-time access to customer, employee, and vendor information. The software includes tools for managing inventory, shipping, sales orders, pricing, tasks, invoicing, reporting, and more.

QuickBooks Online is an all-in-one online business software designed to help manage business finances. The platform is built to scale businesses, unlocking insights and providing the functionality of a larger team, all on one integrated platform.

Wave is an integrated solution designed for small businesses. With our automatic bank connections, information flows into Wave, without manual entry. Users can collaborate with accountants or bookkeepers in real-time.

Access Controls/Permissions

Accounting

Accounting Integration

Accounts Payable

Accounts Receivable

ACH Payment Processing

Activity Dashboard

Activity Tracking

Alerts/Notifications

Automatic Billing

Bank Reconciliation

Billing & Invoicing

Budgeting/Forecasting

Cash Flow Management

Cash Management

Chart of Accounts

Collaboration Tools

Commission Management

CPA Firms

Credit Card Processing

Currency Conversion

Customer Statements

Customizable Branding

Customizable Templates

Dashboard

Data Import/Export

Data Security

Direct Deposit

Electronic Payments

Email Reminders

Encryption

Estimating

Expense Tracking

Financial Analysis

Financial Management

Financial Reporting

Fixed Asset Management

For Legal Professionals

For Medical Purposes

For Real Estate

For Religious Organizations

For Small Businesses

Fund Accounting

General Ledger

Income & Balance Sheet

Inventory Management

Invoice Creation

Invoice History

Invoice Management

Invoice Processing

Mobile App

Multi-Currency

Online Invoicing

Partial Payments

Payment Reconciliation

Payment Tracking

Payroll Management

Payroll Reporting

PCI Compliance

Profit/Loss Statement

Project Accounting

Projections

Purchase Order Management

Real-Time Notifications

Real-Time Updates

Receipt Management

Receivables Ledger

Recurring Invoicing

Recurring/Subscription Billing

Reminders

Remote Access/Control

Reporting & Statistics

Reporting/Analytics

Revenue Recognition

Sales Tax Management

Spend Management

SSL Security

Status Tracking

Tax Compliance

Tax Filing

Tax Management

Third-Party Integrations

Time & Expense Tracking

Transaction History

Transaction Management

Wave

Android

Web-based

iPhone

Online Content Creator

The interface is user-friendly and has a comprehensive set of features that can elevate any small business to great success.

Research Manager

I am not able to write off a partly paid bill as bad debt if all attempts to reclaim the payment from my clients fail. Sometimes, people pay about 70% and fail to pay for the rest.

Teacher

It's a great software and works well for my basic use case as a solopreneur. The payments feature is also nice and the reporting is great.

Digital Artist 

I thought it was going to be great when I saw that it functioned with Etsy. And I loved that it is free.

Photographer

This is a user friendly software that I have been using for years. It makes my invoicing very easy and has been great in tracking my finances.

It can be glitchy at times. I had problems with my transactions imported from my connected bank account, and then when I tried to remove the account and re-connect it, I received error messages.

Digital Marketer

I am really happy having moved over from Zoho Books and before than from Xero. I love that you can toggle between personal and business sides easily.

Technical Support Specialist

I love that this tool is free and has so many great features. It makes my invoices look professional and makes billing a breeze.

C. E. O

Wave accounting software is fully featured most advanced and easy to use accounting software available with all the training and tutorials. And the best thing is its totally free.

Principal Consultant

I like its ease of use, intuitive operation and its ability to just work the way you woudl expect it to.

CEO/President

Then, January of 2021, Paypal import was abandoned. Without those 2 features, the software is essentially useless since it creates extra work each month.

Coach

Simple and easy to use for a non-tech person, clear layout, easy navigation, reliable functioning, helpful customer support, syncs well with Stripe for receiving payments.

Marketing and Web Services Consultant

I take Wave for its good point and have since 2015, and excellent billing, invoicing and payment processing system. It has added value through its Wave Money expansion as well.

Data & Operations

It's easy to use their receipt app to take a photo or forward a receipt to have it auto-capture. And the ability to integrate through tools like Zapier makes automating invoices a breeze.

Wave review 

Wave is excellent especially when it comes to credit card processing which is done automatically with a very low 1% fee. It is very easy to set up and use and the cost is low or even free.

President

In my case, I must tediously click on each daily ATM transaction and designate this to transfer to an account. After 30 times in a row it is tedious and boring.

They also have integrated a payroll service that prepares the taxes for the federal and state. Best of all you can do that all in the browser and stored online.

Their customer service has been very helpful when I've had questions.

Wave screenshot: Wave dashboard

Wave screenshot: Wave accounting

Wave screenshot: Wave invoice creation

Wave screenshot: Wave invoice schedule

Wave screenshot: Wave invoice list

Wave screenshot: Wave payments

Freelancers

Large Enterprises

Mid Size Business

Non Profit

Public Administrations

Small Business

PayU is a payment processing platform that enables global reach with local expertise through full payment methods coverage. PayU ensures the highest possible approval rates with the lowest fees and highest level of security  – with a single API connection.

Stripe is a comprehensive financial infrastructure platform that enables businesses to accept payments online and in person. It offers a suite of APIs for payment processing, subscription management, fraud prevention, and financial services integration, supporting over one hundred payment methods across multiple currencies. Stripe provides both developer-focused tools with extensive documentation and no-code solutions for businesses without technical staff.

Pi is an ML-driven decision-making engine that dynamically personalizes and manages risk for individual users throughout their lifecycle so that businesses can shoulder the burden of risk more easily and proactively pursue their growth strategies.

Razorpay is a cloud-based payment processing software designed to help midsize and large businesses manage finances through payment gateways, vendor payouts, and subscription options. It enables organizations to accept payments from customers through various methods and automate payouts to vendors and employees.

Benefits Management

Check Printing

Compensation Management

Compliance Management

Debit/Credit Card Processing

Employee Database

Mobile Payments

Offboarding

Onboarding

Online Payments

Payment Links

Self Service Portal

Tax Calculation

Razorpay

Windows

iPad

Founder

I am too happy to have adopted RazorPay since the beginning of their journey. I am realy thrilled to see how fast they are growing and providing unbelievable solutions to all their clients.

Business Development Manager

The customer support of Razorpay is also great as they offer a dedicated relationship manager for every account which helps to sort out payment issues quickly.

Overall, we are happy with Razorpay. Their support is good and the payment interface is sleek.

Cofounder and CEO

Razorpay is super easy to setup: I tried to set up other software for collecting the payments on our website but Razorpay is more comfortable to set up and start using in a few clicks.

Director

Extremely rude customer support and unethical company. Do not use their payment integration services, as they don't offer refund of transaction fees on reversal.

Founder & CEO

Payments are instant and secure with Razorpay. Setup and website integration is super easy and instant also.

Senior Technical engineer

The product is very useful and easy to use. Even a shop vendor can easily access and make a good of that.

One of worst irresponsible team they have, no values for client.

The best thing about Razorpay is it allows many useful features and the commission fee is very low.

Project head

Customer service is pathetic, no one is there to guide merchants.

Even if there was any reason for rejection, they should have done it right in the start, and not after 1 year of usage and after more than a lakh was collected.

Manager - IT

Charges are high and customer support is poor.

Also they recenly launche their ThirdWatch integration to convcert COD payments into Online payments is a life saver. The most fun fact is that they have ZERO annual maintainence cost.

I checked with other startups within my incubators and other forums, all are frustrated with their service. They make it easy to subscribe to services and almost impossible to stop the subscription.

After using them for 1 year, they suddenly block the service on my live site stating that the partner banks have rejected the company.

Freelancer

Integrating Razorpay with my online store allowed me to process and settle payments without any problems - and it continues to work without any glitches.

Owner

There is tons of cons, here are few. Account activation will take at least a month, and documents will be asked randomly and no standard process will be followed.

Digital Marketing Manager

Expanding your online store reach outside India is a little bit difficult with Razorpay as it still lacks the feature of handling international payments.

Wave vs Razorpay Comparison (2026)

Wave

Razorpay

Overview

Video & Screenshots

Pricing

User reviews

Key features

Integrations

Alternatives