Wave Invoicing Canada (Global HQ) Fee Calculator
Calculate merchant fees for Wave Starter (2.90% + 60¢), Wave Pro (2.90% + 30¢), and EFT Bank Payment in CAD.
Fee Wealth Leakage Radar & Profit Drag
Multi-Rail Arbitrage ("Switch & Save")
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Pass Fee to Client (Legal Surcharge Engine) Calculate zero-shortfall compliant markup & legal surcharge limits
• United States: Visa & Mastercard cap credit card surcharges at 3.00% (effective April 2023). Surcharging debit or prepaid cards is strictly illegal under federal operating rules.
• UK & European Union: Surcharging consumer debit and credit cards is prohibited under PSD2. B2B / corporate card surcharges remain permitted.
• Australia: Governed by RBA; surcharging is legally restricted strictly to the merchant's actual cost of card acceptance.
Client Invoice Message
Bookkeeping Journal Entry
Recent Calculations (Click to Restore)
Wave Payments Fee Architecture: Starter vs Pro & Bank Rails
Wave bifurcates its processing cost structure between free Starter accounts and paid Pro tiers in Canada (Global HQ):
Direct account-to-account transfer moving funds at 1.00% without card interchange surcharges.
Free Starter accounts pay 2.90% + 60¢, while Wave Pro subscribers receive a discounted 2.90% + 30¢ rate on domestic transactions.
Wave automatically books invoice proceeds, isolates payment processing fees, and maintains real-time balance sheets without software add-ons.
Mathematical Profit & Gross-Up Formula for Wave
Pass merchant processing deductions directly to customers using this exact algebraic formula:
Worked Example: For a target net deposit of CA$1,200 on Wave Starter (2.90% + CA$0.60), bill the client: (CA$1,200 + CA$0.60) ÷ (1 - 0.0290) = CA$1236.46 . When Wave deducts its fee, exactly CA$1,200.00 lands in your bank account.
Strategic Margin Defense: 4 Protocols for Wave Invoicing
Tactical steps to preserve cash flow and eliminate payment processing losses:
Wave Pro Breakeven Analysis
If your business processes more than 54 card payments monthly, upgrade to Wave Pro. The 30¢ reduction per charge generates net positive financial return beyond the subscription fee.
Route B2B Retainers to Direct Bank Rails
Require clients paying invoices over CA$500 to use EFT Bank Payment. 1.00% bank fees save substantial margin compared to card processing.
Avoid 1.5% Instant Payout Liquidity Drain
Avoid Wave's optional 1.5% instant payout fee. Standard 1-2 business day automated deposits are free and preserve your operating margins.
Automate Tax Deductions in Wave Accounting
Wave automatically records transaction fees as deductible business expenses, ensuring complete write-off against annual income taxes.
Tax Deductibility & Reconciliation in Canada (Global HQ)
Wave transaction fees represent ordinary and necessary commercial expenses:
Wave Payments Fee Schedule in Canada (Global HQ)
| Invoice Amount | Starter Card (2.9% + 60¢) | Pro Card (2.9% + 30¢) | EFT Bank Payment |
|---|---|---|---|
| CA$100 | CA$3.50 | CA$3.20 | CA$1.00 |
| CA$500 | CA$15.10 | CA$14.80 | CA$5.00 |
| CA$1,000 | CA$29.60 | CA$29.30 | CA$10.00 |
| CA$2,500 | CA$73.10 | CA$72.80 | CA$25.00 |
| CA$5,000 | CA$145.60 | CA$145.30 | CA$50.00 |
| CA$10,000 | CA$290.60 | CA$290.30 | CA$100.00 |