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What is Melio Payments?
Essential Melio Payments Features
The perfect mix of security, flexibility, and convenience makes Melio one of the best payment solutions for bookkeepers, accountants, and small businesses.
Melio offers many useful features when it comes to handling payments, and it’s high time we looked at what makes it so useful.
Payment Processing
Melio allows seamless payment processing across all endpoints, so not only can you pay others using Melio, but you can also have your customers pay you using it.
Even if your vendor accepts checks only, Melio lets you pay your contractors and vendors using a debit or credit card and a bank transfer.
Melio also lets you schedule payments, so you can avoid penalties and late fees by always paying on time without breaking a sweat.
QuickBooks Integration
QuickBooks integrates seamlessly with Melio, so you can manage all of your finances, invoices, and payments online without worrying about losing data or synchronizing.
Your accounting tabs are automatically updated with information about all payments you make on Melio with the help of this integration.
Melio, at the moment, allows integration only with QuickBooks online, but hopefully, the platform will allow integration with other business solutions in the future.
Team Management
With Melio’s team management feature, you can grant each of your team members different access levels for different clients.
Melio’s dashboard provides an easy-to-use and intuitive way to keep track of your team members and make changes whenever necessary.
The onboarding process is also simplified so that you can assign new team members to client accounts and assign their permissions during onboarding.
Melio Payments Pros and Cons
Melio’s all-in-one platform helps you streamline your bookkeeping process and clear bills to your vendors. As you might expect, an easy-to-use interface has a lot to do with that.
But aside from its low-friction payment process, there are upsides and downsides that you need to be aware of if you’re thinking about using Melio for your business.
Pros
- Melio requires no special skills to use, it has an easy-to-use interface that lets you sign up in seconds, and getting used to it doesn’t take long.
- Melio also keeps its servers in certified data centers that are monitored 24/7, ensuring that your money is never at risk and always reaches your vendor without a hitch.
- Customer support at Melio is excellent, and the team goes the extra mile to assist their customers via chat, email, and toll-free numbers.
- Since payment can be sent directly to an existing bank account, vendors and contractors can receive payment without additional paperwork or sign-up.
Cons
- In terms of international payments, Melio has limited availability and will not process payments if your client lives outside of the U.S., Canada, the UK, or Europe.
Melio Payments Pricing
Among the reasons to check out Melio is that you get all of its services for free and there are no hidden costs, no monthly charges, and no setup fees.
While Melio does not charge users for the setup process, it does charge 2.9% for each transaction they make using a credit card.
Meanwhile, Users can pay bills through Melio using a debit card or ACH bank transfer for free, so it is essentially free to receive any payment.
However, when it comes to International Payments, there’s a $20 fee, for transfers to the UK, EU, and Canada.
You can read more about what Melio Payments has to offer and how its pricing works by visiting our detailed breakdown of Melio Payments Pricing.
Melio Alternatives
You may find it challenging to find the right payment gateway for your business needs because there are so many options available.
While you can do just about anything with Melio Payments, there are a ton of other payment solutions out there that will be a great option for you and your business.
You can learn more about these alternatives by visiting Melio Payments Alternative.
Melio Payments Review Conclusion
Melio Payments offer a no-hassle payment solution that helps businesses pay their bills on time and with minimal hassle.
With Melio, small businesses can manage and maximize their cash flow and pay their bills with either a credit card or bank transfer for free.
No setup fees, no subscription fees, no bank transaction fees, and an unlimited number of users make Melio payments an excellent payment solution.