Chime foreign transaction fees: Complete guide
Everything you need to know about Chime's debit and credit card foreign transaction fees.
For small businesses wanting a white-label invoicing solution, Invoice Simple could be a top option. It offers a high level of invoice customization as well as a range of extra features.
Check out this article to see if Invoice Simple could help you. You’ll find its features, fees, pros and cons. At the end, you’ll also discover some other invoice providers which could be a better alternative for your business.
Here’s a quick overview of Invoice Simple.
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Invoice Simple offers a white-label invoicing solution for small businesses.
You can choose from a range of templates and fully customize your invoices. You can add your brand logo, signature and even photos of your business. You also have the ability to include discounts, tax details, shipping information and more.³
Invoice templates are industry specific. For example, some of the invoice templates that Invoice Simple offer include:
Invoices and estimates can be sent via email, text and print. Estimates can be automatically converted to invoices with one-click.³
Invoice Simple partners with PayPal to accept and process payments. Your customers can pay with:
Through its partnership with PayPal, Invoice Simple supports transactions in up to 25 different currencies.⁶ You can also accept partial payments and deposits.³
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Invoice Simple comes with invoice management software. This enables you to search for customer profiles, track late payments and receive payment notifications. You can also access auto-generated income reports and export them with a single click. This makes bookkeeping one step easier.⁷
Support for a range of currencies and up to 5 languages make international invoicing convenient.⁸ This can increase international customer acquisition.
All invoices and clients are saved, enabling you to reuse previous invoices, as well as tweak them. This makes invoicing for regular clients or recurring services more efficient, saving you time. Predictive typing also makes filling out invoices and estimates a quicker process.⁹
One of the most convenient features of Invoice Simple is its invoicing app. It has the exact same functionality as its full software suite, allowing you to customize, send and manage invoices from anywhere.
On top of this, it allows you to make these changes to invoices, no matter where you are:
Invoice Simple also simplifies cash flow management with receipt auto-capture technology. Simply take a photo of any business expense related receipt and Invoice Simple will save the key information. This makes tracking business expenditure, cash flow management as well as tax season a breeze.¹⁰
Users of G2 and Trustpilot rate its convenient, easy-to-use app and software.¹ ²
Some negative reviews emphasize the difficulty of canceling your account. They also report that changing the currency for one client results in the currency being changed for all transactions, which can make accounting difficult.¹ ²
Invoice Simple has a help center with FAQs and articles, allowing you to search for answers to common problems. They also have an online chatbot for help with specific problems.¹¹
So with all these features, is Invoice Simple free to use?
Unfortunately, Invoice Simple isn’t free to use.
While it offers a free trial, you’ll need to choose a paid plan if you want to use it regularly.¹²
Invoice Simple offers three different plans, depending on what features you want:
If you opt for annual billing, you’ll get two months worth of membership for free.
When it comes to accepting payments, you’ll be subjected to PayPal’s transaction processing fees. Currently, this stands at 3.49% plus $0.49 USD per transaction.¹²
If PayPal fees are eating into your revenue, Invoice Simple gives you the option to “Add fees” to your invoices. This adds PayPal processing fees to your customer’s payment sum, protecting your revenue.¹³
Here’s an overview of the pros and cons of Invoice Simple.
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Invoice Simple’s white-label invoicing solution offers you a high level of customization. Its app also makes invoicing from anywhere possible and convenient.
With extra features such as business expense management and auto generated income reports, accounting and tax season become far easier.
The main disadvantage of Invoice Simple is that it doesn’t offer a free membership plan. Compared to other small business invoicing providers, this can be a disadvantage.
On top of this, if you’re a small business sending more than 10 invoices a month, you’ll have to upgrade to the most expensive plan, the Premium membership.
Likewise, many features are only available on the Plus and Premium membership plans. For example, to have client and item information autofilled or add photos to invoices, you’ll have to upgrade to Plus membership.
Invoice Simple is not the only provider on the market. Here are some alternatives to consider before making a decision.
Designed for small businesses and freelancers, FreshBooks offers a wide range of invoicing features. For example, you can get access to:
It offers three membership plans, as well as a free 30-day trial:¹⁴
The Lite and Plus invoices allow you to send invoices to a restricted amount of clients. For Lite users, you can invoice up to 5 clients, and for Plus users, you can invoice up to 50. The number of users is also restricted but can be increased for an extra fee.¹⁴
💡 You can also connect FreshBooks with Wise Business to sync transactions and save time on admin. This is a great feature for businesses with international transactions. |
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Square Invoices offers you the ability to send an unlimited number of invoices, estimates and contracts for free. It’s a cost-effective invoicing solution for small businesses and freelancers.
Square Invoices also comes with a range of extra features, such as the ability to integrate third-party accounting software.¹⁵
If you upgrade to Square Invoices Plus for an extra $20 per month, you’ll have access to:
With Square Invoices you’ll be able to accept a wide range of payment methods, each with its own transaction fees.
🔍 Read the full guide to Square invoices for more details! |
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PayPal Invoices is included in PayPal’s suite of services.
You can send and track invoices from anywhere. You’re also able to schedule recurring invoices, as well as send automatic payment reminders and past-due notices.¹⁶
It enables you to send unlimited voices, free of monthly or setup fees. The only fee you pay is a transaction fee every time your customer pays their invoice. The fees you’ll pay are:
If you’re looking for a strong white-label invoicing solution, Invoice Simple could be a great fit for your business.
For businesses looking for a high level of customization options, as well as multi currency and foreign language support, Invoice Simple has a lot to offer.
And if you’re willing to pay a higher fee for extra features, then you should consider Invoice Simple as your provider.
But if you want an invoicing service provider that offers free, unlimited invoices, then you’ll be better suited with providers such as Square and PayPal.
Wise Business can help you save big time on international payments.
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in currencies.
Signing up to Wise Business allows access to BatchTransfer which you can use to pay up to 1000 invoices in one go. This is perfect for small businesses that are managing a global team, saving a ton of time and hassle when making payments.
Some key features of Wise Business include:
Mid-market rate: Get the mid-market exchange rate with no hidden fees on international transfers
Global Account: Send money to countries and hold balances in multiple currencies, all in one place. You can also get major currency account details for a one-off fee to receive overseas payments like a local
Access to BatchTransfer: Pay up to 1000 invoices in one click. Save time, money, and stress when you make 1000 payments in one click with with BatchTransfer payments. Access to BatchTransfer is free with a Wise Business account
Auto-conversions: Don't like the current currency exchange rate? Set your desired rate, and Wise sends the transfer the moment the rate is met
Free invoicing tool: Generate and send professional invoices
No minimum balance requirements or monthly fees: US-based businesses can open an account for free. Learn more about fees here
Sources:
All sources checked November 27, 2023.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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