About Melio
Category: AR/APCompany: Melio Payments
Melio is a SaaS company that started with a mission of democratizing payments. Their flagship software plans to level the B2B commerce field and empower small businesses worldwide.
Melio is a SaaS company that started with a mission of democratizing payments. Their flagship software plans to level the B2B commerce field and empower small businesses worldwide.
Melio payments feature two basic transaction breakdowns: Pay and Get paid
Other Transactions
To facilitate bill payment between businesses, Melio Payments supports several transactions:
Melio Payment is straightforward because it is a web-based solution, requiring no file downloads or installations. You do not also need to undergo any training to use this software as its interface is quite simple.
After signing up – at no cost – on Melio, all you need to do is to input your business details, as well as those of your vendors and customers. You can then proceed to fund your Melio account and then complete your payments in simple clicks. Being web-based, Melio can be accessed from both mobile and desktop platforms. It is supported on Android and iOS and can be used even while you’re on the go – provided you have internet and a web browser.
As a Melio Payments user, you also stand to enjoy a variety of support services from the Melio Group
Additional support includes:
Blog
Melio also publishes regular blogs to educate users on the different functions of the software.
Resource Center
There is also a resource center and a Covid-19 resource hub open for users to access.
Seamless Payment Request
With Melio Payments, you can effortlessly send your payment requests and invoices to your customers. By importing your invoices or create your request via email, Melio forwards your request as timely as you desire.
Email Notifications to Customers
After sending your payment requests to your customers, you may need to remind them about your payment at a later time. Melio takes the responsibility of sending subtle and friendly emails to your customers to combat payment delays without putting any strain on your relationship with your customers.
Receive Payments
The fundamental function of Melio’s accounts receivable operations is to help you receive your payments without stress. You can obtain these payments via ACH transfers, bank deposits, or credit card transactions. However, your customers will be charged a small fee whenever they send you funds using their credit cards.
Unfortunately, Melio Payments only supports integration with QuickBooks Online. But then, this integration is worth it, given that you don’t have to pay any subscription or sign-up fee. And for small businesses that are looking to sync their payment processes with QuickBooks, this software makes for a good bargain.
With this QuickBooks Online integration, even mid-sized businesses can use this software to reconcile their payments with other accounting operations easily.
Melio Payment is a platform that offers basic financial operations at no cost. It is designed for small businesses and integrates with QuickBooks accounting software to bring mid-sized companies under its umbrella. With this software, you can conveniently perform your accounts payable and receivable operations as a business or an accounting firm. You can also foster the relationships between your vendors and the government, as Melio also includes features for 1099 forms.
In the long run, this software allows you the freedom you need to focus on other aspects of your business without neglecting your AP/AR processes. However, you will need to seek other solutions to handle accounting operations outside AP/AR.