Fenton-like processes have been studied widely in recent years and are considered promising for organic wastewater treatment. Due to the demand for high efficiency wastewater treatment, a summary of the study status of Fenton-like processes is necessary to develop a novel and high efficiency organic wastewater treatment method. In this review, some important effect parameters (pH, H2O2 dosage, catalyst dosage, temperature) in hetero-/homo-geneous Fenton-like processes are discussed, and then the physical field/phenomenon-assisted hetero-/homo-geneous Fenton-like processes are presented. After that, catalyst types and the evaluation of wastewater treatment costs for various Fenton-like processes are summarized and discussed. Finally, possible future research directions and some guidelines for Fenton-like processes are given.