Melio
4.2
456
Melio is a free vendor/bill payment tool that helps with cash flow and minimizes busywork. It allows you to pay vendor bills using bank transfer or debit card for free, even if they only accept checks. You can also use your credit card where cards are not accepted to hold onto your cash longer and earn card rewards. Melio syncs with QuickBooks and mails checks on your behalf to vendors.
Strengths
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Ease of use
Simple and intuitive interface
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Time-saving
Automates payment processes
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Multi-platform support
Works on desktop and mobile devices
Weaknesses
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Limited payment options
Only supports bank transfers and debit cards
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Limited international support
Only available in the US and Canada
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Limited integrations
Only integrates with QuickBooks and Xero
Opportunities
- Can expand to other countries
- Can integrate with more accounting software
- Can add support for credit cards and other payment methods
Threats
- Other payment processing companies
- Changes in laws and regulations affecting payment processing
- Potential for data breaches and loss of customer trust
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http://www.meliopayments.com
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Review Distribution
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👍
High - rated users
Melio has streamlined the bill pay process for many vendors.N/A.
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🤔
Average - rated users
Melio's ability to import data from a photo of an invoice is great.There are a few small bugs that are annoying.
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👎
Low - rated users
Melio's user interface is good.Melio does not protect users against fraud.
Media
Melio Plan
Melio offers a free version with limited features and charges a transaction fee for premium features.
Accountant
Free
Sign up and monthly subscription
Sending checks
Bank Transfer (ACH) & bank deposit
Credit card payments (2.9% fee)
Receiving credit card payments
Unlimited companies/clients AP/AR management
Unlimited users per account
International transfer ($20 USD only, for transfers to UK, EU and Canada)
Approval workflows
1099 forms
Sync with QuickBooks Online
Scheduled payments
Payments tracking
Seamless recipient updates of preferred payment method
Dedicated live accountants support
Business
Free
Sign up and monthly subscription
Sending checks
Bank Transfer (ACH) & bank deposit
Credit card payments (2.9% fee)
Receiving credit card payments
Unlimited companies/clients AP/AR management
Unlimited users per account
International transfer ($20 USD only, for transfers to UK, EU and Canada)
Approval workflows
1099 forms
Sync with QuickBooks Online
Scheduled payments
Payments tracking
Seamless recipient updates of preferred payment method
Live support