Rho Invoicing lets you create, send, and track invoices and get paid directly into your Rho business checking account. It is free for every Rho customer: $0 per invoice and $0 per month, with $0 Rho fees on domestic ACH, domestic wire, and check payments received. Card payments cost 2.9% + $0.30, paid by the business sending the invoice. Customers pay through a payment portal and do not need a Rho account.
Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services are provided by Webster Bank, a division of Santander Bank, N.A., Member FDIC, and by Lead Bank, Member FDIC. Funds held at Lead Bank are eligible for FDIC pass-through deposit insurance up to $250,000 per depositor, per FDIC-insured bank, per account ownership category, subject to applicable conditions. Coverage is shared across all of your deposits at Lead Bank in the same ownership category; amounts above the applicable limit, and funds that are not deposits at Lead Bank, are not covered.
What you get with Rho Invoicing
Rho is a fintech platform for business banking, and invoicing is included for Rho customers at no monthly or per-invoice charge. Card payments cost 2.9% + $0.30 each, paid by your business and never surcharged to the person paying. Clients pay by ACH, domestic wire, check, or card (credit card, debit card, or Google Pay) from a payment portal with no Rho account needed, and you pay $0 Rho fees on domestic ACH, domestic wire, and check payments received.
- No per-invoice fee and no monthly fee for Rho customers
- Clients can pay by ACH, domestic wire, check, or card (credit card, debit card, or Google Pay)
- Card payments cost 2.9% + 30c each, absorbed by your business, with no surcharging
- Clients pay through a payment portal link and do not need a Rho account
- Rho accounts are available to US-incorporated businesses, subject to approval.
- 01
Create your invoice
Add your client, line items, and payment terms.
- 02
Send it in seconds
Email the invoice directly from Rho.
- 03
Get paid into Rho
Your customer pays by ACH, domestic wire, check, credit card, debit card, or Google Pay through a payment portal. No Rho account needed on their end.
- 04
Reconcile automatically
Rho matches incoming payments to the invoice they belong to, so you can see what is paid and what is open.
Free for every Rho customer.
- No per-invoice fee
- Get paid by ACH, domestic wire, check, credit or debit card, or Google Pay (card payments cost 2.9% + $0.30 each, paid by your business)
Payments matched to invoices
Rho matches incoming payments to the invoice they belong to, so you can see what is paid and what is open.
Pay without an account
Every invoice includes a payment portal, so customers can pay by credit card, debit card, Google Pay, ACH, domestic wire, or check. No Rho account needed.
Included, not another bill
Rho Invoicing is included with your Rho account, with no per-invoice fee and no monthly fee. Card processing fees apply to card payments.
| Rho | |
|---|---|
| Invoicing cost | Included with Rho at no extra cost (card processing fees apply to card payments) |
| ACH / bank transfer fee | $0 Rho fees on domestic ACH, domestic wire, and check payments received |
| Card payment fee | 2.9% + $0.30 per card transaction, paid by the invoicing business. |
| Recurring invoices | Included at no extra cost. Set up once and invoices go out on your schedule. |
| Payment matching and reconciliation | Automatic. Rho matches incoming payments to the invoice they belong to. |
| Rho | Stripe | Mercury | |
|---|---|---|---|
| Invoicing cost | Included with Rho at no extra cost (card processing fees apply to card payments) | 0.4% per paid invoice (Starter); 0.5% (Plus) | Unlimited invoices free on every tier; recurring invoices require Plus ($29.90/mo, billed annually) |
| ACH / bank transfer fee | $0 Rho fees on domestic ACH, domestic wire, and check payments received | 0.8% ACH Direct Debit, $5.00 cap (plus the per-invoice fee) | ACH debit (Plus and Pro only): $1/transaction on Plus, $0/transaction on Pro |
| Card payment fee | 2.9% + $0.30 per card transaction, paid by the invoicing business. | 2.9% + 30¢ per successful card charge (Stripe Payments), in addition to the 0.4%-0.5% per-invoice fee above | ~2.9% + $0.30 per card payment, processed via Stripe |
| Recurring invoices | Included at no extra cost. Set up once and invoices go out on your schedule. | Via Stripe Billing: 0.7% of billing volume (pay-as-you-go); excludes one-off invoices | Plus and Pro plans only (from $29.90/mo billed annually) |
| Payment matching and reconciliation | Automatic. Rho matches incoming payments to the invoice they belong to. | Automatic reconciliation; Smart Retries and automated reminders | Bank feed import for QuickBooks Online, Xero, and NetSuite; automatic categorization for QuickBooks Online and Xero (NetSuite on Pro) |
Competitive data collected from Stripe, Mercury, QuickBooks, Xero, Zoho, and Wave websites as of 2026-10-15, and may change.
Invoicing software replaces manually drafted bills with a system that creates, sends, and tracks invoices in one place. Most tools cover the same basics: a template, a way to send it, and a record of what has been paid. Where they differ is in what happens next, whether an invoice can repeat on its own, whether payment gets matched back to it automatically, and where the money actually lands.
- Creates and sends invoices without manual work
- Matches incoming payments to the open invoice they belong to
- Recurring invoices go out on the schedule you set
- No separate subscription; included with your Rho account (card payments cost 2.9% + $0.30 each)
Most invoice automation follows the same steps: create the invoice, send it to the customer, collect the payment, and reconcile it against your books.
- Electronic invoicing: create and send branded invoices from Rho, with a payment portal on every invoice
- Payment collection: $0 Rho fees on domestic ACH, domestic wire, and check payments received; card payments cost 2.9% + $0.30 each
- Recurring invoices: set them up once and they go out on their own
- Cash application (automatic payment matching): incoming payments match to the right invoice automatically, so you can see what has been paid and what is open
Accounts receivable automation covers the invoice-to-cash cycle: creating invoices, collecting payment, and reconciling what comes in. Done well, it cuts manual data entry and gives a business real-time visibility into what is owed and by whom, without a separate AR platform to log into.
Rho Invoicing handles the create, send, and reconcile parts of that cycle inside the same account a business already banks with.
- Standalone invoicing tools: payments land in a connected external bank account, separate from the invoicing software.
- Invoicing built into banking (Rho): included with your Rho account at no extra cost (card payments cost 2.9% + $0.30 each, paid by your business). Payments land directly into your Rho business checking account. Automatic payment-to-invoice matching.
Start with the fee schedule. Some invoicing tools charge a percentage of every paid invoice. Rho Invoicing carries no per-invoice fee and no monthly fee for Rho customers.
Next, check how customers can actually pay. Rho invoices can be paid by ACH, domestic wire, check, credit card, debit card, or Google Pay, through a payment portal that does not require the payer to have a Rho account. Domestic ACH payments received carry $0 Rho fees. Card payments carry a 2.9% + $0.30 processing fee.
If a business wants invoicing built into the bank account it already uses, with payments that match to invoices automatically, Rho Invoicing is built for exactly that setup.
- Start with the fee schedule: subscriptions, per-invoice percentages, and payment fees compound on every dollar you collect
- Check the feature list: recurring invoices, payment methods your customers prefer, automatic reconciliation
- Look at where the money lands: Rho invoices go out from the same account that receives the money
- Rho is built for startups and small businesses that want invoicing and business banking in one platform
Create, send, and get paid on invoices with your Rho account. No per-invoice fees, no monthly fees. Card processing fees apply to card payments.
Frequently asked questions
Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services are provided by Webster Bank, a division of Santander Bank, N.A., Member FDIC, and by Lead Bank, Member FDIC. Funds held at Lead Bank are eligible for FDIC pass-through deposit insurance up to $250,000 per depositor, per FDIC-insured bank, per account ownership category, subject to applicable conditions. Coverage is shared across all of your deposits at Lead Bank in the same ownership category; amounts above the applicable limit, and funds that are not deposits at Lead Bank, are not covered. Rho does not guarantee that any payment will be initiated, authorized, completed, or settled, or that any payment will be automatically matched to a particular invoice. Card payments are available to eligible customers and subject to Stripe verification and approval. Any third-party links are provided for informational purposes only. The third-party sites and content are not endorsed or controlled by Rho.