Managing payments for a business can feel overwhelming, especially if you’re juggling invoices, bills, and tight deadlines. That’s where Melio Payments comes in.
It’s designed to make paying vendors, contractors, or other business expenses simple and stress-free.
Whether you’re a small business owner or just starting out, Melio helps you keep track of payments and stay organized—all without any complicated tools.
In this review, I’ll share everything you need to know about Melio, including its features, pros, cons, and how it works. If you’re wondering whether it’s the right fit for your business, you’re in the right place. Let’s dive in!
Bottom Line Upfront: 🥇
I understand that this can be a very challenging and overwhelming situation for you as a business owner. With Melio, you can make a payment to the business in a way that’s both convenient and secure.
By using your credit card, you can easily transfer funds to the business, ensuring that they receive the payment they need. It’s a simple and reliable way to show your support for the businesses you care about.
I completely understand that safety is of the utmost importance when it comes to payments and money. I want you to know that Melio takes this very seriously and has invested heavily in ensuring the security and safety of its platform.
They have even received over $500 million in funding to make sure that their security measures are top-notch and that you can trust them with your payments.
With Melio Payments, you can now pay your invoices with ease and convenience. You have the freedom to choose your own terms and make payments on your own time.
The best part is that you don’t have to sign up to get this!
Melio Reviews 2024: An Overview
Oh, Melio Payments! They’re like the fairy godmother of invoice payments, making it all so simple and hassle-free. And the best part? They put the power back in your hands so you can pay your way and keep your cash flow happy.
No more bending over backward for your vendors or suppliers – it’s time to take control!
It’s amazing how Melio makes managing your payments so easy. You can use the Melio dashboard to send payments to your suppliers and vendors via bank transfer.
Melio raises $110M on a $1.3B valuation to bring B2B payments for SMBs into the 21st century. Credits: Techcrunch
Melio Payments: Key Features
Choose the payment method that works best for your business.
1. Seamless 2-Way Sync
Integrate Melio with QuickBooks Desktop, QuickBooks Online, or Xero to automatically sync vendors, bills, and payments for streamlined processing and hassle-free reconciliation.
2. Fast Payment Options
Keep up with your business’s pace with multiple payment speeds, including instant payments, same-day bank transfers, and expedited checks—designed to support your growth.
3. Ultimate Payment Flexibility
Pay using ACH bank transfers or credit cards, while your vendors receive payments via check or bank transfer, ensuring smooth transactions on their terms.
4. Streamline Your Workflow
Save hours each month with time-saving features like approval workflows, recurring payments, and batch payments, all designed to improve your efficiency.
5. Simplified Bill Capture
Import invoices effortlessly by scanning bills, connecting Gmail for invoice imports, or forwarding them to your dedicated Melio email address. Spend less time on manual entry and more on your business.
6. Expanded Payment Capabilities
- Pay multiple bills simultaneously.
- Split a single bill into multiple payments.
- Send international payments in USD or local currencies, making it easy to manage vendors across borders.
Streamline your payments and keep your business moving forward with Melio.
Integration Of QuickBooks With Melio
Well, here’s some excellent news for all QuickBooks users. Melio is now linked to QuickBooks, and all of their mutual clients can now benefit from the sync.
All of your bookkeeping and payments will be handled in one location. In fact, you may use the same QuickBooks credentials to log in to Melio.
Melio.me: Services
Melio.me is the quickest online payment acceptance and tracking service. Your clients do not need to register with Melio and create an account to make a payment to you.
Users can also make a payment using a bank transfer, which occurs without deduction or with a credit card.
Melio: Create an Affiliate Program
This is a fantastic usage for all Melio users who are also affiliated with an affiliate network.
It is extremely simple to establish and distribute your exclusive and unique link to all of your buyers and interested clients with the help of Melio.
Melio tracks and compiles a list of all your potential clients using approved cookies. You will get access to a potential client database for at least ninety days.
You’ll also receive a $200 referral fee every time a new customer makes their first transaction with Melio.
You will be able to view these references at the conclusion of each month, after which you can credit the amount to your bank account via sites such as Stripe or PayPal. This full procedure takes 10-15 days.
Melio: Security Feature
After you register with Melio, you need not worry about your security. This is their primary slogan.
They are continually monitoring their data centers, where their servers are kept, around the clock.
They generate industry-leading encryption by combining AES with HTTPS. They would also like to draw your attention to the fact that Melio is PCI-compliant.
This system stores and protects all of your vital and sensitive data. It also regularly performs both automatic and manual testing.
This technique guarantees that fraud is kept to a minimum. Furthermore, using TabaPay, a third-party credit card processor, decreases the likelihood of fraud.
As a result, we can confidently state that your money and data are secure with Melio.
Melio: Ease Of Use
The support that Melio offers to its customers is off the charts. With all its plans, you shall be provided with round-the-clock live support. In fact, you will even be able to gain services from a dedicated accountant to address all your doubts.
You can also reach out to Melio by mail or email on all of their social media pages.
What Are the Key Benefits Of Melio?
- The first thought that came to our mind while thinking of Melio is that most of its services are free, and there are no signup or registration charges that the users need to pay. All of the bank transfers made are completely free; that is, the ACH payments are free. A small transfer fee is applicable for the other transactions, which is as low as two point nine percent.
- Next is the ability to pay through Melio with the help of your credit card.
- Third is the integration with QuickBooks, which allows you to sync your accounting and payments in one place. This eliminates the need to maintain separate data lists.
- Next, you can have unlimited users and receive payments without limits. You can even add separate dashboards for your clients.
How Does Melio Work?
To step up an ACH with Melio is pretty simple. There are a few steps that you need to follow.
- Open Melio and your bill in it. It will automatically get synced.
- Next, please switch to the Melio Dashboard and open it.
- Go to the bill’s section and click on your bill.
- Then, all you need to do is schedule your bill payments and select the bank account from which you wish to schedule them.
All that remains is for your seller to accept your bill as part of the ACH invite.
Melip Pricing Options
Streamline workflows, automate payments, and control your cash flow with a plan tailored to your needs.
Choose Your Plan
Monthly – Save 15%
Annual – Save 25%
1. Go – $0/month
Amplify cash flow, centralize payments, and pay or get paid your way.
Limited to one user
Included in Go:
- ACH Transfers: 5 free transfers per month
- Accounting Sync: 10 syncs with QuickBooks Online & Xero
- Flexible Payment Options: Pay by card or bank; send via check, ACH, or instant transfer
- Easy Bill Management: Upload, scan, or import bills
- Auto Bill Capture: Use a dedicated email to import bills effortlessly
- Global Payments: Pay in USD or local currencies
- Convenient Payments: Set up recurring or partial payments
- Instant Payments: Speed up transactions when needed
- Free Mobile App: Available for iOS and Android
- Get Paid: Accept payments through custom payment links
2. Core – $25/month ($21.25/month annually)
Gain advanced control and efficiency with automated workflows and 2-way sync.
Plus $10/month per additional user
Everything in Go, plus:
- ACH Transfers: 20 free transfers per month
- Unlimited Auto-Sync: Seamless 2-way sync with QuickBooks Online & Xero
- Batch Payments: Pay multiple bills at once
- Combined Transactions: Merge payments into one transaction
- User Management: Roles, permissions, and admin controls
- Automated Workflows: Streamline approval processes
- Tax Tools: W-9 collection and auto 1099 sync
- Bill Line Item Capture: Automatically capture item details
- Priority Support: Get help when you need it
3. Boost – $55/month ($46.75/month annually)
Access faster payments, advanced controls, and premium support.
Plus $10/month per additional user
Everything in Core, plus:
- ACH Transfers: 50 free transfers per month
- Faster Transfers: 2-day delivery on all ACH transfers
- Custom Workflows: Advanced multi-user workflows tailored to your needs
- Desktop Integration: Full 2-way auto-sync with QuickBooks Desktop
- Advanced Bill Features: Track by classes and locations
- Premium Support: Priority access to dedicated support
Get the tools you need to streamline payments and grow your business. Choose the plan that works for you and start today!
Melio Business Features:
- Melio allows you to send checks free of charge, as well as Free bank transfers (ACH) and bank deposits.
- The Business account allows unlimited users per account, which is convenient for using and syncing processes with QuickBooks Online.
- It is also easy to schedule payments, and payment tracking is easy.
- The software allows live support options for easy clearance if there are any hindrances or complaints.
- All payments through cards charge a fee of 2.9%, which also applies to payments received.
- The software supports unlimited companies, clients, AP, and AR management.
Melio Accountant Features:
- This feature requires no sign-up or subscription fees and is also free to send checks. However, like a business account, this also charges a fee of 2.9% for sending and receiving credit card payments.
- Bank transfers charge no fees. Melio offers free check sending, free money transfers (ACH), and free bank deposits.
- The Accountant’s account allows for an infinite number of users per account, making it easier to use and synchronizing the processes with QuickBooks Online.
- Aside from that, scheduling payments is easy, and payment monitoring is simple.
- This also includes features like dedicated live support for help and FAQs with quick and easy updates of all the preferred payment methods and processes.
Melio Customer Reviews & Testimonials
“Melio has been a great solution. It has been very easy to train my clients how to use Melio. With the recent development of the accountant’s portal, I can manage all my clients in one spot. I anxiously await any & all new updates!”
Stephanie Mack
Account Mobility
״Finally, a simple electronic payment method to streamline bill pay. We’re one step closer to getting rid of checks all together! The Melio dashboard takes convenience to the next level.״
Amy Walker
CPA CEO, Walker Agency
“One of the challenges of being a small business owner is keeping our expenses low and still being able to provide high-quality service. Melio helps me speed up the process of payment delivery and offers the possibility of using a credit card, to have more cash flow for the company. ”
Stanislav Nikolov
Founder and CEO of SPN EVENTS
Pros and Cons Of Melio Payment Review
Pros
- There is no signup or registration fees.
- Users do not need to sign any contracts.
- Users can avail of support at any hour of the day.
- You can easily fill out all the forms related to your taxes.
- You do not need to pay any delivery charge for the paper checks.
- You can easily manage your account as it is extremely user-friendly.
- There is no limit on the number of users that you can add.
- Melio is now integrated with QuickBooks.
Cons
- Managing your vendors is a difficult task.
- There is no provision to automate the OCR data entry.
- There is no option to sync the ERP to real-time.
- Melio is not integrated with Zapier.
- You can not do the accounting automatically.
FAQs
👉 How do I verify my business with Melio?
After the first payment, you will be asked to enter your organization’s legal information. Like business name, address, Tax ID type, and number. Sole proprietors can enter their home address as a business address.
✔ Do I have to notify all of my vendors that I’m using Melio?
When submitting payments with Melio, you do not need to contact any of your vendors. Melio does not require vendors to register in order to be aware of pending fees or to collect funds.
🔥 What will my vendors see when I use Melio?
Melio never gives out the bank account information since the check is paid into Melio's account. Your seller can send you an email confirming that the invoice has been sent.
💥 Can Melio schedule my vendor payments in advance?
Yes, really. Melio's top priority is keeping you on board with suppliers and assisting you with cash flow management.
👓Does Melio support international payments?
Melio currently only accepts transfers between businesses in the United States. Payments from outside the United States are not approved, and only credit cards issued in the United States are accepted.
🙄 Is it possible to pay Mortgage with Melio?
Yes, you can pay a mortgage with Melio, for your business with a Mastercard or Discover. Currently, American and Visa cards are not acceptable.
✅ Where is the headquarters of Melio?
The headquarters of Melio is in New York.
😍 Is Melio a part of QBO?
No, Melio is not a part of QBO. You can use Melio, even if you aren’t using QBO. However, if you are using QBO, you shall benefit while using Melio
➡️ Is Xero in sync with Melio?
No, Xero is not in sync with Melio.
😅 Is it possible to pay with any credit card?
Melio presently accepts the following credit cards: American Express, Visa, Mastercard, and Diners Club. Melio will mail a check or make a bank transfer to your vendor on your behalf if you pay with a credit card. Please send an email to [email protected] if you'd like to pay with a different credit card provider.
💰 Do I have to let my vendors know that I'm using Melio?
No, you don't. Melio either mails checks on your behalf or transfers funds to your vendor's bank account (regardless of how you choose to pay). Vendors are not required to register in order to receive funds; instead, they will get a check or a deposit into their bank account (depending on your preference).
👍🏻 Is it possible to make payments in advance of the bill's due date?
Yes, you have the option of picking a future date for your payment transaction when paying your bill. Melio allows you to arrange payments in advance, eliminating the need for reminders to pay on time.
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Conclusion: Melio Payments Review 2024
Melio has truly transformed the way I navigate the complex world of money management!
I now feel a renewed sense of control with every transaction, allowing me to set the terms of my payments. I’m no longer constrained by rigid payment structures or influenced by the whims of others.
With Melio, I can manage my cash flow with elegance and efficiency. Its adaptability is delightful! Imagine a world where the ever-changing landscape of payment methods no longer frustrates us.
With Melio by our side, we can easily adjust to varying payment amounts and schedules.
Melio also provides unlimited monitoring and user access, a feature that even the most expensive accounts payable software can’t match. There’s no need to sign a contract or pay for shipping. Additionally, Melio takes care of tax documentation and offers live support.
However, it’s worth noting that Melio does have some drawbacks. It lacks vendor management and automated OCR data entry, which could be significant issues for larger enterprises.
Overall, I would highly recommend trying Melio Payments.
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