Invoicefy vs Wave
Wave and Invoicefy both give you unlimited invoices for $0, so the choice comes down to bookkeeping: Wave includes free bookkeeping and an Android app, while Invoicefy sticks to invoices and proposals. Invoicefy includes recurring invoices and automatic reminders without a paid plan, and adds no fee on top of Stripe's card rate, where Wave charges 2.9% plus $0.60 on its free plan.
Prices checked on October 20, 2026 on each company's own pages.
Invoicefy and Wave side by side
| Feature | Invoicefy | Wave |
|---|---|---|
| Price for unlimited invoices | $0 (Pro is $5/mo or $49/yr for card and PayPal payments) | $0 on Starter. Pro is $19/mo or $190/yr |
| Free plan limits | Free forever: unlimited clients, invoices and proposals | Starter is free: unlimited estimates, invoices and bookkeeping records |
| Card payments | Yes, on Pro, through Stripe to your own account | Yes, with the online payments add-on (approval required) |
| PayPal payments | Yes, on Pro, to your own PayPal account | Not listed |
| Processing fees | Stripe's or PayPal's standard fees. Invoicefy adds no fee | Cards: 2.9% + $0.60 (Amex 3.4% + $0.60). Pro: first 10 card payments a month at 2.9% + $0. Bank payments: 1%, $1 minimum |
| Deposits | Yes, plus partial payments recorded as cash, check, bank transfer or other | Pro plan, requested through estimates |
| Recurring invoices | Yes: weekly, monthly, quarterly or yearly, with an optional end date | Pro plan |
| Automatic reminders | Yes, by email: 2 days before the due date and 3 and 7 days after, stopped when paid | Pro plan: 3, 7 and 14 days after the due date |
| Text the invoice link | Yes, one tap opens your phone's Messages app with the client link | Not listed |
| iPhone app | Yes (in-app Pro is $4.99/mo or $49.99/yr) | Yes |
| Android app | No | Yes |
| Proposals or estimates | Yes, proposals convert to invoices in one click | Yes, unlimited estimates |
Prices checked on October 20, 2026. Sources:
- Wave pricing page
- Wave invoicing page (recurring, reminders, deposits, mobile apps)
- Wave on Google Play
- Invoicefy pricing
- Invoicefy on the App Store
Competitor prices change. Check their site before you decide.
Choose Wave if...
Choose Wave if you want invoicing and bookkeeping in one free account. Wave includes unlimited bookkeeping records, has iPhone and Android apps, and its Pro plan auto-imports bank transactions. If you need accounting reports at tax time, Invoicefy can't replace that.
Choose Invoicefy if...
Choose Invoicefy if you only need to send invoices and proposals and get paid, without learning accounting software. Recurring invoices and automatic reminders don't require a paid plan on Invoicefy, while Wave puts them on Pro. You can text the client link from your own phone, and PayPal is supported on Pro.
How to switch from Wave to Invoicefy
Start with your clients and your most used line items. You can keep your bookkeeping in Wave and move only your invoicing, starting by copying your regular customers. Add your clients and saved items to Invoicefy, then set up your logo and payment options.
Send new invoices from Invoicefy, but let open Wave invoices finish where they are, so clients don't get two bills. Once the last one is paid, download any records you want to keep and cancel your Wave plan.
Questions people ask
Yes. Wave's Starter plan is $0 with unlimited invoices, estimates and bookkeeping records as of October 20, 2026. Online payments have per-transaction fees, and Pro is $19 a month.
Wave lists 2.9% plus $0.60 per card payment and 3.4% plus $0.60 for Amex. Pro users get their first 10 card payments each month at 2.9% plus $0. Bank payments are 1% with a $1 minimum.
No. Invoicefy is for invoices, proposals and payments only. It exports invoices, clients and payments to CSV, which you can give to your accountant.
PayPal isn't listed on Wave's pricing page. Invoicefy Pro accepts PayPal payments straight to your own PayPal account.
Wave has apps for iPhone and Android. Invoicefy has an iPhone app and a web app, but no Android app.
Try Invoicefy free.
Unlimited invoices and proposals on the free plan, on the web and iPhone. Add card and PayPal payments with Pro for $5 a month.
