Balance vs. Square Invoices Comparison


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		Related Products EBizCharge EBizCharge is the leading embedded payments application for businesses to accept payments directly inside QuickBooks, Microsoft Dynamics, NetSuite, SAP, Acumatica, and 100+ other business systems. Trusted by 20,000 companies and voted best fintech solution by the Globee® Awards, EBizCharge combines modern billing tools with integrated payment processing to help B2B companies get invoices paid faster, eliminate manual work, and keep payment data automatically synced to their ERP. Companies use EBizCharge to: ◉ Accept credit card, debit card, and ACH payments natively in their ERP, CRM, or shopping cart ◉ Automate billing and reconciliation to save time and reduce errors ◉ Speed up collections with easy billing tools: payment links, online customer portal, recurring billing, saved cards, and more ◉ Reduce risk with enterprise-grade security certified by the PCI-Security Council: PCI-compliance, encryption, and tokenization 207 Ratings Visit Website Melio Melio is an accounts payable tool built to simplify bill payments, boost workflow efficiency, and optimize cash flow for businesses of all sizes. To get started, try all of Melio's features free for 30 days! Pay vendors online through bank transfers or credit/debit cards, even if they typically accept checks—Melio manages the manual work for you. Effortlessly integrate with QuickBooks and Xero to ensure your financial records stay current. With Melio, pay by bank transfer or card to extend cash flow and earn rewards. Adding vendor or bill details is a breeze—input them manually, upload files, or take a photo of invoices. Schedule payments to align with your cash flow, and let Melio handle the rest. International vendor payments are made easy by paying in their local currency for products and services your business needs. The Melio mobile app, available for iOS and Android, lets you monitor and manage payments anytime, giving you full control over your finances on the go. 2,212 Ratings Visit Website Square Payments Accept every payment quickly, easily, and securely. Easily accept card payments—no matter if you’re selling on the go or at your store. Streamline the way you create, send, and track your invoices. Customer not there in person? Take remote credit card payments over the phone or from your computer, and get paid fast. Create and grow your online store, and seamlessly accept online payments with Square. We make accepting cards as fast, painless, and secure as possible. There are no extra fees, no long term contracts, and no tricks. Just fast, secure payments you can depend on. 10,139 Ratings Visit Website Monk Monk is an AI-native accounts receivable platform that automates invoice to cash for B2B finance teams: invoicing, AP portal submission, collections and cash application, on top of your existing ERP. Across the $2B+ in receivables Monk manages, 92% of enterprise invoices have to be submitted through a corporate AP portal rather than paid from an emailed invoice. Monk submits into more than 600 of them, including Coupa, Ariba and SAP Business Network, and uploads 87% autonomously. Julia, the Monk agent for Intelligent Collections, reads customer replies and responds to what was written rather than advancing a fixed dunning sequence. 90% of invoices resolve without escalation. Email sends from your own mailbox via Gmail or Microsoft 365, so there is no new sending domain. Payments match to open invoices at 80%, rising to 95% with rules your team configures. Connects to QuickBooks, NetSuite and Dynamics 365 Business Central. Live in one to three days. SOC 2 Type II. 8 Ratings Visit Website Traild Traild is an accounts payable automation platform designed to streamline, secure, and modernize AP processes. It integrates seamlessly with leading ERP and accounting systems to automate invoice processing, approvals, and payments. Traild intelligently triages AP workloads by auto-approving low-risk invoices while routing high-risk invoices to relevant approvers for digital review. The platform is built with fraud prevention at its core, using AI-driven risk detection to identify errors, duplicates, and suspicious activity before payments are made. Real-time visibility gives finance leaders complete control over invoices, approvals and payments. Traild supports complex, industry-specific workflows across sectors like manufacturing, construction, distribution, healthcare, and energy. By reducing manual AP effort and improving accuracy, Traild enables finance teams to focus on strategic decision-making instead of paperwork. 6 Ratings Visit Website NMI Payments NMI Payments is an embedded payments solution that lets SaaS platforms, Software companies and ISVs integrate, brand, and manage payment acceptance directly within their software—without becoming a PayFac or building complex infrastructure. As a full-stack processor, acquirer, and technology partner, NMI handles onboarding, compliance, and risk so you can stay focused on growth. The modular, white-label platform supports omnichannel payments, from online, mobile and in-app to in-store and unattended. Choose from full-code, low-code, or no-code integration paths and launch in weeks, not months. Built-in risk tools, flexible monetization, and customizable branding help you scale faster while keeping full control of your experience. With NMI’s developer-first tools, sandbox testing, and modern APIs, you can embed payments quickly and confidently. 111 Ratings Visit Website InterProse ACE InterProse ACE is a modern, web-based debt recovery software solution built for collection agencies who specialize in consumer or commercial debt, including property management, healthcare, education, and government accounts. ACE also serves collection attorneys, property managers, original creditors, financial institutions and government entities. Developed to be flexible and configurable with no one business case in mind, our feature-rich debt collection application helps users easily manage their accounts, set up custom payment plans, process billing, issue client invoicing and reports, manage legal judgments, report/analyze their data in custom templates, automate just about any manual process and do it all in a highly efficient and cost-effective way. Key features include account bundling, account-level documents attachments, heavy process automation, client access, trust accounting, credit reporting, consumer self-service tools, and numerous tech integrations. 147 Ratings Visit Website PayKings PayKings is a merchant account provider that helps businesses secure payment processing services in industries often rejected by traditional payment processors. The platform offers merchant accounts, payment gateways, and payment processing solutions designed to support businesses with specialized risk profiles. What is a high risk merchant account? A high risk merchant account is a payment processing account for merchants that are classified in a high risk category. They require high risk credit card processing solutions. The PayKings Team can get you approved today for a low to high risk merchant account for B2B, eCommerce, or Retail at reduced rates and fees. Credit repair merchant accounts are essential for companies in the credit repair space. You provide credit solutions to your customers and we’ll take care of the payment processing. Selling any type of merchandise through an ecommerce store has its risks. 163 Ratings Visit Website Collect! Collect! is a highly configurable debt collection software serving collection agencies, debt buyers, law firms, government, healthcare providers, educational institutions, property managers and other creditors. Collect! offers good value for startups and full functionality for large agencies. Built for flexibility, Collect! offers configurability and features to enable users to automate and track contacts and payments, manage judgments, manage sales, communicate from the system, create payment plans, report to bureaus and manage month-end reporting. Importantly, configurations and customizations remain available through updates, upgrades, and moving to larger editions. Features and tools include robust import-export functions, large set of stock reports and letter templates, report generator tool, account segmentation tool, flexible trust accounting, account level forms and document attachments, consumer portal, client portal, integrated payment processing, reporting dashboard, HIPAA and SOC 2. 77 Ratings Visit Website Regpack Regpack is an online registration and payment platform built for programs, not subscriptions. It centralizes enrollment, data collection, and payments in a single system, so you can manage participants, streamline operations, and eliminate manual processes. Used by camps, courses, afterschool programs, and multi-program organizations, Regpack connects registration forms, payment workflows, and reporting in a way subscription billing tools can't. Instead of forcing your process into recurring billing logic, Regpack is designed to reflect how programs actually operate, from first sign-up through final payment. With features like customizable registration flows, flexible payment plans, automated invoicing and reminders, and real-time reporting, Regpack gives you full visibility into your enrollment and revenue. Whether you are running a single program or managing multiple sessions and locations, everything stays connected in one place. 393 Ratings Visit Website
About Balance is the first self-serve checkout that accepts 100% of the B2B payment complexities - from milestone payments to net terms, wires to checks, SaaS subscriptions to automatic vendor payouts - and more: 🗒 API-first! Get at them docs 💳 Go beyond cards: Accept ACH, wire, card, and even checks 💨 Instant, Risk-free Net Terms: Your customers pay Net 30/60. You get paid instantly. 🔁 Recurring payments, made easy: Make recurring invoice payments as easy as recurring CC payments 🏢 Built for all B2B payment needs. Perfected for Marketplaces, Wholesalers, Merchants, SaaS and Service Providers. 🧍🏽‍♀️ Self-serve invoicing: Your customers can pull & pay their own invoices with a click 🏋️ Automatic reconciliation & collection: Isn’t it funny you’re still doing this manually?	About Square Invoices is a web-based software made for online invoices. It allows invoices to be made and sent in a few steps and provides tools to customize invoices to make them look more professional. Customers benefit thanks to easy credit and debit card payments with no extra fees. Furthermore, businesses can access their dashboard on the web or in any mobile device to keep track of their invoices and get insight on how they are performing.
Platforms Supported Windows Not Supported Mac Not Supported Linux Not Supported Cloud Supported On-Premises Not Supported iPhone Not Supported iPad Not Supported Android Not Supported Chromebook Not Supported	Platforms Supported Windows Not Supported Mac Not Supported Linux Not Supported Cloud Supported On-Premises Not Supported iPhone Supported iPad Supported Android Supported Chromebook Not Supported
Audience B2B companies that want to offer a great payment experience to customers	Audience Small to large businesses that need an invoicing solution
Support Phone Support Not Supported 24/7 Live Support Supported Online Supported	Support Phone Support Supported 24/7 Live Support Not Supported Online Not Supported
API Offers API Supported	API Offers API Not Supported
Screenshots and Videos View more images or videos	Screenshots and Videos View more images or videos
Pricing $0 Pay per usage Free Version Not Supported Free Trial Supported	Pricing $0.01 Free Version Supported Free Trial Not Supported
Reviews/Ratings Overall 0.0 / 5 ease 0.0 / 5 features 0.0 / 5 design 0.0 / 5 support 0.0 / 5 This software hasn't been reviewed yet. Be the first to provide a review: Review this Software	Reviews/Ratings Overall 4.5 / 5 ease 5.0 / 5 features 4.5 / 5 design 5.0 / 5 support 5.0 / 5 Read all reviews
	Pros & Cons from Real Users Pros Square Invoice is currently the best way to send all kinds of receipts and invoices to your customers, this application will help you to carry out all kinds of business in a much more fluid way, it will also allow your client to have a detailed report of what is are paying in your company, I greatly admire this platform, for allowing me to obtain a system which helps me day after day to enhance my negotiation system, this platform is key to doing all kinds of business with clients. One of the main features that I like about this platform is the automated mechanism that it has when it comes to sending notifications and Reminders when the payment of an invoice has been delayed, for example, if we have previously sent an invoice to our clients by email. or in a physical way, this platform sends a reminder to the client when they have not yet paid the invoice, the reminder is sent approximately five days after the initial invoice, this mechanism is very useful to obtain payments in a timely manner. Another thing that I like about this platform is the ease and the way in which it offers me to create personalized invoices, this platform offers me a wide variety of templates for each of my invoices, I can modify the template to my liking, incorporate the logo of my company, insert the services that the client has obtained and many other things, the template is totally modifiable and has a design that is quite adequate for my company. Below, I will mention the things that most positively caught my attention about this platform. * The Reminders system is essential within this platform, it is the function that I liked the most and which has allowed our clients to pay the corresponding invoice at the correct time, these reminders can be personalized, you can configure every few days Reminders will be sent to your customers, this is a perfect mechanism to send automated reminders. * I love the way in which I can customize the design of each of the invoices, I can use a specific design for my invoices but this platform offers me a list and a fairly extensive library of pre-designed templates with an optimal design, sometimes, I use those templates to give my invoices a better design. * This integrated platform or system in which you can make the corresponding impressions of your invoices, has a synchronization and media is with your printer, so you can send all these invoices by email but you can also print them in a matter of seconds. * This platform also provides you with a much broader and more personalized view of pending invoices and paid invoices, from the main panel you can view the invoices that have already been canceled within your company, as well as view all the invoices in real time. invoices that are pending to be paid by customers, this complete display functionality helps to better understand the invoices that are paid on time and the pending invoices. Square makes it easy to add/send invoices to customers/clients with just a name and email address. The invoice software integrates tightly with the rest of the Square platform which is great for reporting. Cons One of the main negative things that this platform has is that it charges you a commission for each invoice that you have previously made, that means that each invoice that you make within the platform will charge you an additional fee that you will have to pay immediately and it will be billed to your account immediately, I have previously used other applications that have allowed me to create invoices online, and none had charged me an additional commission for each of my invoices, it is important to note that the commission within this platform is completely low , it doesn't really affect your budget, but I think there shouldn't be any additional fees charged for each invoice made, since I currently pay a monthly subscription. Another of the negative characteristics of this platform is that it has a predetermined size for the logo that you can insert inside the invoice, that means that if your main objective is to make the logo look bigger inside the invoice, you will not be able to do it, Currently the templates that are used within this platform have a predetermined size for each of the objects and texts that are inserted, so you will not be able to modify the size of your company's logo. Finally, I have also noticed that the notifications for each payment of the invoice are received late in the email, I have noticed that the real-time monitoring of the invoices works perfectly, I can see the status of the payment in real time From each of them, however, I have noticed that some clients pay the invoices and after a few hours or minutes I receive a notification to my email. Square allows you to enter payments made through non-square sources, but doesn't currently have any other solutions/integrations like ACH processing or instant transfers like Venmo. Since the transaction are not "Card Present" transaction since they are entered by the customer/client the cost is higher than if charging in person. That being said, it is cheaper than charging a "card on file" transaction. I'd like to also see the ability to create bulk invoices either through an interface or uploading a csv file.
Training Documentation Supported Webinars Not Supported Live Online Supported In Person Supported	Training Documentation Supported Webinars Not Supported Live Online Not Supported In Person Not Supported
Company Information Balance Founded: 2020 Israel www.getbalance.com	Company Information Block Founded: 2009 United States squareup.com/us/en/invoices
Alternatives Apruve	Alternatives FreshBooks
Likwidity	BILL
PaidYET	Wave Accounting Wave Financial
BlueSnap	MyInvoices & Estimates Avanquest Software
EBizCharge View All	Invoicer.ai View All
Categories Accounts Receivable Supported B2B eCommerce Supported B2B Payment Supported Banking Supported Billing and Invoicing Supported Buy Now Pay Later Supported Payment Gateways Supported Payment Processing Supported	Categories Billing and Invoicing Supported
Show More Features Payment Processing Features ACH Check Transactions Supported Bitcoin Compatible Not Supported Debit Card Support Supported Gift Card Management Not Supported Mobile Payments Supported Online Payments Supported POS Transactions Not Supported Receipt Printing Supported Recurring Billing Supported Signature Capture Supported	Billing and Invoicing Features Billing Portal Supported Contact Database Supported Contingency Billing Supported Customer Portal Supported Customizable Invoices Supported Dunning Management Supported Hourly Billing Not Supported Invoice History Supported Mobile Payments Supported Multi-Currency Not Supported Online Invoicing Supported Online Payments Supported Payment Processing Supported Project Billing Supported Recurring/Subscription Billing Supported Service Ticket Billing Supported Tax Calculator Supported
Integrations BigCommerce Supported COZYROC SSIS+ Suite Not Supported Canopy Supported Dashe Not Supported Flowlu Not Supported Hatch Not Supported JoinCPR Not Supported Magento Supported Rose for Square Not Supported SalesIn Not Supported Salesforce Agentforce Commerce Supported Square Appointments Not Supported Square POS Not Supported Square Payments Not Supported Square for Retail Not Supported Stripe Supported Tradesilvania Supported VendorDesk Not Supported ZenMaid Software Not Supported iDashboards Not Supported Show More Integrations View All 6 Integrations	Integrations BigCommerce Not Supported COZYROC SSIS+ Suite Supported Canopy Not Supported Dashe Supported Flowlu Supported Hatch Supported JoinCPR Supported Magento Not Supported Rose for Square Supported SalesIn Supported Salesforce Agentforce Commerce Not Supported Square Appointments Supported Square POS Supported Square Payments Supported Square for Retail Supported Stripe Not Supported Tradesilvania Not Supported VendorDesk Supported ZenMaid Software Supported iDashboards Supported Show More Integrations View All 14 Integrations
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