Melio Pricing Overview

There are so many great things about Melio. First, the innovative integration with QB makes scheduling a breeze, Second, vendors love the option to expedite their payment for a small fee. Third, it is so simple and user friendly. It was very easy to learn and it is incredibly reliable.

The only issue I have with Melio is there is definite room for improvement in reporting. I would like the ability to create detailed reports for payments. I also wish that the Noon deadline was pushed back to later in the day.

Melio is solving the main issue of most clients where the bank charges outrageous and excessive wire & ACH fees. As long as you can wait the 4 business days for delivery, this ACH option is the best way to go.

What a great product! 90% of the platform is free of cost. User interface is amazing and the integration with Quickbooks is easy and fast. Much easier than using the banks website for ACH transactions.

The ACH timing could be reduced. Whereas my bank's ACH will take 1 day, Melio tends to take 2-3 business days, which can equate to over a week in some cases. This is a bit hard to explain to my vendors.

We swapped banks and the ACH and payments were very user-unfriendly. It required too much time and effort to use and Melio has addressed this with flying colors.

I love the flexibility of payment options, the ability to pay contractors via credit card, and the useful tool of just forwarding the invoices to the inbox! It's truly great!

Nothing to note here. There has been nothing so far that has dissatisfied me!

One way that it stands out is being able to select for the payor of an invoice in Accounts Receivables is deciding where to delegate the processing fee if they use a credit card.

What I like about Melio is the Convenience: Melio simplifies the payment process by allowing users to send and receive payments electronically, which saves time and effort compared to traditional payment methods. Cost-effectiveness: Melio offers a competitive pricing structure with no hidden fees or subscription costs, making it an affordable payment solution for small businesses. Security: Melio uses advanced encryption and security protocols to protect users' financial information and transactions, giving users peace of mind when making and receiving payments online.

I dislike Melio's speed of payment for some payments, but I am not sure if that is a Melio issue or a receiver issue.

I am using Melio fo my ACH transactions because my bank does not readily offer it.

You can use Melio entirely for free to process ACH payments to vendors. As a small business with a few contractors we work with, this is a perfect solution, and I can't recommend it enough to others. The only cost is if you send more than 2 checks per month and the layout and speed of payments are great!

I really can't say much about things I dislike. Melio has done a lot of work on UI/UX which has made it better. I wish there was a better way to bulk upload payments but other than that, it is a great platform!

Paying all of our vendors monthly without it being exorbitantly expensive while also making it simple for me without too many limitations. It is allowing me to process our 1099 payrolls easier than ever.

I'm able to schedule multiple payments in advance and later balance my account on the go. I could pay vendors by ach or I could use their check payment option but it comes with a fee

Some glitches the software had in the past, after initiating a payment to a vendor account it automatically sent out the payment to a single use card even when the vendor didn't set up.

Melio transformed how I do accounts payable from having to manually write checks to click and pay. It simplified vendor payments and shortened the time I used to spend managing.

Let's be honest: As owner of a small company, life can be hectic and challenging and traditional banks don't necessarily have your back. Depending on who you are banking with, Melio is an excellent value add on and provides functionalities most regular bank or won't. In a nutshell: you can finally schedule ACH payments for free. Secondly, you can assign "collaborators", being Admin, Accountant or Contributor with varying permissions. Meaning, you can delegate payments to someone in your organization, without them having access to everything and set security thresholds for transfers, etc.

There is a little trick to make payments go out faster that is not well explained: If you add a "bank account", outgoing payments will take a few business days. If you find the "add debit card" under "add bank account" (instead of under "add credit card" where you instinctively might think it is), then payments go out the same or the next business day if scheduled before the cut-off time of 12pm EST. This could be explained a little better. You have to kinda stumble on it to find out.

Melio is an excellent Payment solution that allows scheduling of payments at future dates. My regular bank is a little backwards and doesn't provide that feature.

Very easy set-up for paying contractors and vendors with no additional cost!

None so far and we have been using for a few months

Paying contractors, syncing with QuickBooks, and not being inundated with fees per user.