Melio Review
What is Melio?
Melio is a web-based accounts payable software that lets you conveniently pay bills via bank transfer for free, even for vendors who only accept check payments. Currently only available to small businesses in the US.
Melio deposits or mails checks to vendors on your behalf with no delivery charges. You can also defer payments by paying with your credit card with a transaction fee of 2.9%. Using your credit card to settle payments not only allows you to earn card rewards but also take advantage of 45 days of float until your next credit card billing cycle.
Melio is a free solution you can use immediately on any internet-enabled device such as your laptop or smartphone. This works perfectly for busy entrepreneurs and professionals who are looking for a way to pay bills and manage cash flow on the go without spending a huge portion of their budgets on expensive accounts payable software.
Melio comes with payment scheduling features that help you set automatic payments so you don’t have to worry about late payments or paying too early. It also has payment approval workflows so you can invite users or your accountant to access the platform while still having full control of transaction approvals. It integrates seamlessly with QuickBooks accounting software and allows paying with any credit card or bank in the US.
Show MoreOverview of Melio Benefits
Easy bill and vendor details management
With Melio, you can easily add vendor and bill details by uploading files or taking a photo of your invoice. You can also enter details manually or connect the platform to QuickBooks online to auto-sync your accounts payable information.
Flexible payment options
You have several payment options on Melio. These include bank transfers (ACH), debit cards, and credit cards. Payments made via bank transfers are for free, while credit card payments will incur a 2.9% transaction fee. You can also choose to pay using your credit card for vendors or stores that do not accept card payments. Vendors receive either a check or bank transfer and Melio takes care of sending the check for you. Vendors do not need to have a Melio account in order to receive your payment.
Avoid late payments
With payment scheduling features, you can avoid late payments and their corresponding penalties. This is especially important when it comes to paying utilities, insurance, taxes, or rent/lease. You will also be able to better manage your cash flow, making sure that you don’t pay too early and all your suppliers or vendors are happy when they receive their payments on time, every time.
Receive digital payments at no cost to you
Melio enables your customers or clients to pay you by bank transfer or card at no cost to you. You simply sign up to get your own pay-link, which your customers will use to send payments without needing your bank details. Your customer pays using their bank or card. They do not need to have a Melio account in order to send their payment. Payments are deposited directly into your bank account in two business days without charges or fees.
No monthly subscription fees
Specially created with small businesses and freelancers in mind, Melio offers its accounts payable platform for free. There are no monthly subscription fees that can take a significant chunk of your budget and no delivery fees when you send checks to vendors.
Show MoreOverview of Melio Features
- ACH payment processing
- Billing & invoicing
- Approval process control
- Online payment processing
- Check processing
- Debit/credit card processing
- Duplicate payment alert
- Fraud detection
What Problems Will Melio Solve?
Problem #1: Credit card not accepted
Melio allows you to pay vendors with a credit card, even where cards are not accepted. Hold onto your cash longer and earn card rewards.
Problem #2: Payment charges add up
Paying bills and vendors with bank transfer is completely free with Melio. It even mails checks to your vendors for free.
Melio Position In Our Categories
Because businesses have their own business needs, it is practical that they abstain from deciding on an all-encompassing, ideal solution. Just the same, it is troublesome to try to discover such an app even among widely used software solutions. The practical thing to undertake would be to list the different critical functions which merit deliberation including critical features, costing, technical skill aptitude of staff, company size, etc. After which, you should do the product research fully. Go over these Melio analyses and check out each of the software options in your shortlist more closely. Such all-encompassing product investigation guarantees you stay away from unsuitable applications and choose the system that meets all the function your company requires for optimal results.
Position of Melio in our main categories:
TOP
50
Melio is one of the top 50 Online Accounting Software products
Companies have different wants and requirements and no software solution can be ideal in such a situation. It is pointless to try to find a perfect out-of-the-box software product that fulfills all your business requirements. The smart thing to do would be to customize the system for your unique requirements, employee skill levels, finances, and other factors. For these reasons, do not hasten and invest in well-publicized popular applications. Though these may be widely used, they may not be the perfect fit for your specific wants. Do your homework, investigate each short-listed application in detail, read a few Melio Accounts Payable Software reviews, call the vendor for clarifications, and finally choose the product that provides what you require.
How Much Does Melio Cost?
Melio Pricing Plans:
Free Trial
Melio
Free
What are Melio pricing details?
Melio Pricing Plans:
Free Trial
Melio
Free
Melio is free to use. Pay business invoices with a bank transfer for free, or use your credit card to defer payment and earn rewards (2.9% fee).
User Satisfaction
Positive Social Media Mentions
78
Negative Social Media Mentions
3
We realize that when you decide to get a Accounts Payable Software it’s vital not only to see how professionals score it in their reviews, but also to discover whether the actual users and businesses that use it are genuinely satisfied with the product. Because of that need we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Melio reviews across a broad array of social media sites. The data is then featured in an easy to digest way indicating how many people had positive and negative experience with Melio. With that information available you should be equipped to make an informed buying decision that you won’t regret.
Video
Technical details
Devices Supported
- Windows
- Linux
- Android
- iPhone/iPad
- Mac
- Web-based
Deployment
- Cloud Hosted
Language Support
- English
Pricing Model
- Free
Customer Types
- Small Business
- Freelancers
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Melio?
Melio perfectly syncs with QuickBooks. It also supports payment with any credit card or bank in the US.
Melio User Reviews
Melio average rating:
3/5
Overall impression
4/5
Customer Support
3/5
Value for Money
1/5
Ease of Use
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ADD A REVIEWMore reviews from 1 actual users:
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Avoid – no customer service
Read full review >
3/5
Overall impression
1/5
Customer Support
3/5
Value for Money
3/5
Ease of Use
Published on: 07.11.2022
Company Size: 1-10 Employees
Industry: N/A
PROS: It simplifies payment processing as can write checks that post via credit card or can ACH. Love the bill scanning but you need to make sure all the info is properly captured, esp if more than one address etc appears on the bill.
CONS: Some vendor addresses would not validate and support never responded or seemed to even acknowledge. One vendor payment was misplaced and it took us weeks to remedy at great effort on our part.
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Avoid – no customer service
Read full review >
3/5
Overall impression
1/5
Customer Support
3/5
Value for Money
3/5
Ease of Use
Published on: 07.11.2022
Company Size: 1-10 Employees
Industry: N/A
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