Rho Invoicing lets you create and send invoices and get paid directly into your Rho business checking account, with payments matched to the right invoice automatically. It replaces standalone invoicing and billing software, at no extra cost for Rho customers.
Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank, a division of Santander Bank, N.A. Member FDIC.
What you get with Rho Invoicing
¹ Checking deposits are FDIC-insured up to $250,000 per entity through Webster Bank, a division of Santander Bank, N.A. Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank, a division of Santander Bank, N.A. Member FDIC.
- 01
Create your invoice
Build a professional invoice in Rho with your own logo and colors, so your customers see your business, not Rho.
- 02
Send it with a payment portal
Every Rho invoice includes a payment portal. Your customer does not need a Rho account to pay you.
- 03
Get paid into your Rho account
Rho charges $0 on domestic ACH, wires, and checks.
- 04
Reconcile automatically
When the payment lands in your Rho account, it matches to the right invoice on its own. No manual reconciliation, no spreadsheet.
Free invoicing software. Actually free.
- Create and send professional invoices with your own branding
- Recurring invoices that go out on the schedule you set
- A payment portal on every invoice, no Rho account needed to pay
- Automatic payment matching when cash lands in your Rho account
- Works alongside your existing accounting software
Banking services by Webster Bank
Checking account and card services provided by Webster Bank, a division of Santander Bank, N.A. Member FDIC.
FDIC-insured deposits
Checking deposits are FDIC-insured up to $250,000 per entity through Webster Bank, a division of Santander Bank, N.A. Member FDIC.
24/7 support
24/7 support by phone, in-app chat, and SMS.
| Rho | |
|---|---|
| Invoicing software cost | Included with Rho at no extra cost |
| ACH fee on invoice payments | $0 on domestic ACH from Rho |
| Recurring invoices | Included |
| Payment matching and reconciliation | Payments auto-match to the right invoice when cash lands in your Rho account |
| Rho | Stripe | Mercury | QuickBooks | |
|---|---|---|---|---|
| Invoicing software cost | Included with Rho at no extra cost | 0.4% per paid invoice (Starter); 0.5% (Plus) | Unlimited invoices free; recurring requires Plus ($29.90/mo, billed annually) | Free plan capped at 2 invoices per month; unlimited invoices from $20/mo (Lite) |
| ACH fee on invoice payments | $0 on domestic ACH from Rho | 0.8% ACH Direct Debit, $5.00 cap, plus the per-invoice fee | $1 per transaction (Free and Plus); $0 on Pro ($299/mo) | 1% per ACH bank payment |
| Recurring invoices | Included | Via Stripe Billing: 0.7% of billing volume, pay as you go | Plus and Pro plans only (from $29.90/mo billed annually) | From Simple Start ($38/mo) |
| Payment matching and reconciliation | Payments auto-match to the right invoice when cash lands in your Rho account | Automatic reconciliation; Smart Retries and automated reminders | Auto-imports invoice payments to QuickBooks, NetSuite, or Xero | Books update automatically with every payment taken through QuickBooks |
Competitive data collected from Stripe, Mercury, and QuickBooks websites as of 2026-08-20, and may change.
Invoice automation is software that creates and sends invoices without manual work, then matches incoming payments to the open invoice they belong to. Rho Invoicing automates the receivable side for Rho customers at no extra cost: recurring invoices go out on the schedule you set, and payments reconcile automatically in your Rho business checking account.
Here is the difference. Most invoice automation software is sold as a separate subscription that sits apart from your bank. Because Rho Invoicing is part of the Rho platform, the software that sends the invoice is connected to the account that receives the money, which is what makes automated invoicing and automatic matching possible without exports or integrations.
- 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
Accounts receivable automation software handles the collect-and-reconcile loop so you get paid faster and nobody chases payments in a spreadsheet. Rho covers the AR loop end to end for Rho customers.
- Electronic invoicing: create and send branded invoices from Rho, with a payment portal on every invoice
- Payment collection: Rho charges $0 on domestic ACH, wires, and checks
- 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 without manual reconciliation
Invoicing software creates and sends individual invoices and collects one-time payments; billing software usually means recurring, subscription-style charging. Both are converging on e-invoicing, where the invoice is delivered electronically with an online way to pay instead of a PDF attached to an email.
If you run a subscription business on a dedicated billing system, keep it. For invoice-based businesses, invoicing software connected to your bank account removes a subscription and a reconciliation step at the same time.
- Standalone invoicing tools: a monthly subscription or a fee per paid invoice. Payments land in a connected external bank account. Reconciliation is manual export or an accounting sync.
- Invoicing built into banking (Rho): included with your Rho account at no extra cost. Payments land directly into your Rho business checking account. Automatic payment-to-invoice matching.
Start with the fee schedule. Subscriptions, per-invoice percentages, and payment fees compound on every dollar you collect, so price the whole path from invoice sent to cash in the bank. Check the feature list against how you actually bill: recurring invoices, the payment methods your customers prefer, automatic reconciliation, and whether it works alongside the accounting software you already use for invoice management. Then look at where the money lands. Rho is built for startups and small businesses that want invoicing and business banking in one platform: invoices go out from the same account that receives the money, and the software costs nothing extra.
- 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
Apply online in less than 10 minutes. Invoicing comes with the account, and payments land directly in your Rho business checking account.
Frequently asked questions
It depends on how you bank and how customers pay you. Standalone tools charge subscriptions or per-invoice fees. Rho includes invoicing for all Rho customers at no extra cost, with payments landing directly in your Rho business checking account.
The best invoicing tool for startups depends on where you bank and what you bill: Rho and Mercury customers get free native invoicing with automatic reconciliation, QuickBooks and Xero fit teams that need full accounting, Stripe fits API-driven billing, and Zoho Invoice is the strongest fully free standalone option.
Yes. Rho Invoicing is free for Rho customers, Mercury includes free basic invoicing, and Zoho Invoice and Wave both offer free plans, though payment processing fees still apply on card payments with most tools.
No. Standalone tools like Zoho Invoice and banking-native tools like Rho Invoicing handle invoicing without an accounting subscription, though you will still want accounting software or an accountant for taxes and financial statements as you grow.
When your invoicing tool and bank account are the same system, incoming payments match to invoices automatically, so you skip manual reconciliation entirely. Standalone tools require you to track payments in one place and cash in another, then reconcile the two by hand or through bank feeds.
ACH is the default for B2B in the US because it is cheap and reliable, and adding wire and check options removes excuses for slow payers. Card acceptance speeds up smaller invoices but typically costs around 3% in processing fees.
Send a polite reminder the day after the due date, then follow up weekly until the invoice is paid. Stating a late fee policy on the invoice up front makes enforcement expected rather than adversarial.
Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank, a division of Santander Bank, N.A. Member FDIC. FDIC insurance coverage is only available to protect you against the failure of an FDIC-insured bank that holds your deposit; it does not protect you against the failure of Rho. Competitive data collected from Stripe, Mercury, and QuickBooks websites as of 2026-08-20, and may change. Product claims current as of August 2026.