Compare Stripe and Wave Accounting - Apr 2022

Shlomi Lavi

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Bottom Line: Which is Better - Stripe or Wave Accounting?

Wave Accounting is more expensive to implement (TCO) than Stripe, and Wave Accounting is rated higher (97/100) than Stripe (91/100). Wave Accounting offers users more features (5) than Stripe (4).

Looking for the right Payment Processing solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Stripe Vs. Wave Accounting

Stripe: Stripe is a simple, developer-friendly way to accept payments online. We believe that enabling transactions on the web is a problem rooted in code, not finance, and we want to help put more websites in business. Complexity and opacity have traditionally been hallmarks of online payment processing. We want to fix that.

Wave Accounting: Wave Accounting is an awesome, cloud-based, integrated software and tools for small businesses. So far, that includes Invoicing, Accounting, Payroll, Payments and more, plus Personal Finance Software, too.

Who is more expensive? Stripe or Wave Accounting?

The real total cost of ownership (TCO) of Payment Processing software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Stripe and Wave Accounting.

Stripe price starts at $500 per license , On a scale between 1 to 10 Stripe is rated 4, which is lower than the average cost of Payment Processing software. Wave Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Stripe is rated 4, which is lower than the average cost of Payment Processing software.

Bottom line: Stripe cost is around the same cost of Wave Accounting.

Which software includes more/better features?

We've compared Stripe Vs. Wave Accounting based on some of the most important and required Payment Processing features.

Stripe: Basic Reports, Data Import/Export, Online Customer Support, Multiple Payment Forms.

Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance.

Target customer size

Customers of the software include businesses of all sizes without any distinction of industry. Wave Accountancy is perfect for small to medium companies with 9 or much less workers.