Melio gives small to medium-sized businesses the simplest tool to pay their vendors, contractors, and all other business bills – with no subscription fees. Enjoy total payment flexibility —ACH, debit, or credit card.

Vendors still get paid however they want (check or bank transfer).

Melio streamlines the payment process so you can save 50% of the time you spend on bill pay. With automated features and faster payment and delivery options, your vendors get paid while you can hold on to cash for longer. Manage even more with Melio’s mobile app for iOS—the easiest way to send and track payments on the go.

Who is Melio made for?

Melio is tailored for small and medium-sized businesses, particularly those without extensive internal accounting resources.

It offers a flexible, user-friendly payment solution, focusing on enhancing cash flow management and simplifying accounts payable processes. Predominantly serving the U.S. market, Melio addresses the unique challenges and needs of SMBs.

Melio Enhances Accounts Payable

Melio's Accounts Payable (AP) features significantly ease the process of managing outgoing payments. For instance, companies can:

1. schedule payments ahead of time,
2. ensuring bills are paid punctually,
3. thereby avoiding late fee
4. and maintaining good vendor relationships!

The flexibility of payment methods, including the use of credit cards, allows businesses to optimize their cash flow. For example, a small business can leverage credit card payments to defer actual cash outflows and earn rewards.

Melio also Streamles Accounts Receivable

On the Accounts Receivable front, Melio facilitates the invoice-to-payment cycle. Businesses can send digital invoices and receive payments online, reducing the time between billing and cash receipt.

This feature is particularly beneficial for service-based companies that often face payment delays. By streamlining this process, businesses can expect:

• improved cash flow,
• quicker turnaround on receivables,
• and reduced administrative burden.

What's not to love?

Pros & Cons of Melio

Melio's Pros

Melio stands out for its no-cost ACH bank transfers and a range of flexible payment methods, including the ability to use credit cards in scenarios where they are typically not accepted. Its integration with popular accounting software like QuickBooks and Xero adds to its appeal, offering streamlined financial management. The platform is also recognized for its user-friendly interface, which enhances the overall user experience.

Melio's Cons

However, Melio's pricing structure includes fees for certain transactions like card payments and expedited transfers, which could be a drawback for some users - see Pricing below for more info on Melio free and paid features. Additionally, the absence of an Android app restricts accessibility for a segment of users.