A new stereoscopic method for collecting particle image velocimetry (PIV) measurements within ~1 mm of a wavy air–water interface with simultaneous measurements of the morphology of the interface is described. The method, termed three-dimensional interfacial particle image velocimetry (3D-IPIV), is tested in a wind wave channel with a wind speed of 5.8 m s−1, water depth of 10 cm and a fetch of ~9 m. Microscale breaking waves populate the interface and their flow patterns are clearly visible in the velocimetry results. The associated capillary waves and surface divergence patterns are observed. Several statistical measurements of the flow are compared with independent measurements and good agreement is found. The method shows great promise for investigating the transfer of momentum, heat and gases across an air–water interface, both in the laboratory and in field settings. Additional methods are described for manufacturing the flow tracers needed for the 3D-IPIV method. These tracers are likely to be useful for other researchers, and have the characteristics of being fluorescent, neutrally buoyant, non-toxic, monodisperse, inexpensive and easy to manufacture.