Melio Reviews

Pros

One thing I like about Melio is a newly released feature that allows us to pay multiple invoices to one vendor by one payment. We often had to create individual payments to each vendor separately so now we can combine into one payment makes everyone's life easier.

Cons

We had issues of the preferred payment method of payment to vendors change without us making the change but that seems to be a resolved issue.

Pros

The fact that it is free for ACH and has the integration with QBO. It has become my go to for my clients and bill paying and payment processing. I can track all of there A/R and A/P and submit payments or receive payments with a click of a button, makes it so easy and simple. I recommend to my clients and I use it myself almost daily. I love how it gives you options, you pay the fee or your customer does, they make the call on how they want to be paid via check or ACH. It just makes sense.

Cons

The fact that the ACH option still takes sometimes 3, 5 or even 7 days to receive does put a strain on cash flow for some clients. The processing of checks also seems to take a really long time, sometimes I will get a bill in and go immediately to setup payment and it states the received date would still be after the due date which makes it frustrating at times. I appreciate the 2 checks a month for free before charging and realize it can't all be free, but it was nice when it was free. I also wish they had more business to person options, not just B2B. This would be super valuable for Non-profits to save on processing fees as well as some MLM businesses.

Pros

Ease of use................................

Cons

Melio is great if all you want to do is send out bills and have no issues besides cancelling a check you sent. However, the software started populating vendor names for vendors we NEVER did business with, which ultimately ended up with a check going to the wrong vendor. The vendor called me and notified me of the mistake, but would not cut us a check back or ACH us the money directly. Instead, they said their policy was to send the payment back via the exact same means it was sent to them...BIG MISTAKE! Melio claims they don't have the money and have no way of tracking it (even though I gave them all the info the need to search for it), and on top of that, they REFUSE TO ALLOW ANYONE FROM MELIO TO CALL ME!I have requested multiple times for a manager to call me. They even put in a call request...what happened? They would only respond via email and of course I kept getting representatives. After no less than 25 emails back and forth, I finally got a response from an "accountant manager" who told me there's nothing they can do and they are closing my case. Um, you have over $1200 of my client's money and I have requested multiple times to be called so I can discuss this issue with someone at the company in higher management, and I have flat out been denied! I CONSIDER THIS THEFT!!! Melio has stolen my client's money and won't make it right.You can't call them, and they WON'T CALL YOU! VERY UPSET WITH THIS COMPANY AND THEIR LACK OF FOLLOW THROUGH.

Pros

it Work on receipt installment companies, contractors, and free or low-cost bank transfers.Pratical for beginners because of There are no ongoing monthly fees.

Cons

So far, everything has gone well, without any complications.

Pros

I love Melio. It is very easy to use, and really convenient. I am able to provide more services while spending less time per client. Thank you!

Cons

I had a problem with a Wire transfer once, I haven't tried it again to know if the issue was fixed. Will update when I use it again.

Alternatives Considered

Bill

Reasons for Choosing Melio

Bill.com was much more expensive and provides almost the same features.

Switched From

Bill

Reasons for Switching to Melio

Pricing and a client

Pros

It's effortless to set up. More importantly it's easy for my clients to accept and adopt the software into their business.

Cons

Web interface a bit clunky for desktop users.

Alternatives Considered

Bill

Reasons for Choosing Melio

Price.

Switched From

Bill

Reasons for Switching to Melio

Price mostly but clients seem to like it better than bill.com.

Pros

It's free and can be used by the owner from his cell phone.

Cons

We had two critical payments that had to go out same day. We paid $30 to have them expedited and they both failed. Customer service could not tell me why and the issue was never resolved.

Pros

I love that I can pay all invoices without printing and mailing checks. It is also great that the program completely integrates with QuickBooks so the bills show up automatically in Melio, and with a few clicks I can pay all of the bills.

Cons

It takes over a week for a live check to be delivered to a vendor, which is a long time.

Alternatives Considered

Bill

Reasons for Switching to Melio

I loved the fact that it was free, and had all of the functionality that I was looking for.

Pros

I wanted a way of paying my vendors by ACH. I wanted to be the one that solicited their bank details - not have the payment company dis-intermediate me. There were some bonus features: if a vendor doesn't want to be paid by ACH, I can still use Melio to pay them by check; They claimed to support international payments; I can set up multiple companies of mine on one account and have the staff of each company only access the relevant one. It's tough to argue with free.

Cons

There are some vendors that need paying every month, but the amount changes from month to month: Melio's recurring payments only works if the amount is constant, so you have to set up a payment from scratch each time. However the biggest issue is with payments that do not go through even after receiving notification that they are scheduled.....on several occasions, I have had to bring 'stuck' payments to Melio's attention. Operations typically blames it on Compliance and says they can't do anything.

Pros

Easy setup and deployment, connection with external accounting system began easily.

Cons

Does not provide a great solution for medium-sized operations that need to batch out large quantities of payments or sorting and balancing this data.

Alternatives Considered

Bill

Reasons for Switching to Melio

Cost

Pros

Melio in my opinion is the best transfer service available. Simple and quick to use, it offers a tremendous value. Furthermore, customer service is one of the best I've dealt with.

Cons

It would be great if there was an ability to send international wires in other currencies. For example, in Chinese Yuan.

Alternatives Considered

Venmo

Reasons for Choosing Melio

Easier to initiate a transaction from the computer. Cheaper.

Reasons for Switching to Melio

Offered better, easier to understand, and free ACH transfers.

Pros

Melio is a great payment processor, I have a much better experience with them than with their only real competition, Plastiq. While Plastiq has IRS-esque customer service, Melio really go out of their way to ensure a positive user experience. Melio is also faster at processing ACH payments, which is a huge plus.

Cons

It would be really helpful if Melio offered wire transfers, and aggregate payments (ie, charge 10k to card 1 and 10k to card 2 so as to issue a single payment of 20k). Also, sometimes compliance reviews cause payment delays. They could perhaps offer a cut off before which compliance reviews will not cause delays if the review is passed, that would make the system have more reliable timing.

Pros

integrates well with QBO, pricing is great, easy to seup. When all work well is a good experience.

Cons

Horrible, almost non-existent customer support. TWICE, in just a few months of using Melio, they have sent out duplicate payments that were only entered once by me. First time they caught it and notified me a few days later, second time (a few days ago), vendors started calling me saying they got paid for an invoice that they had already been paid for 2 weeks ago. First time dinged my account for $60K, this time $26K. No explanation on what happened either time. Spent 2 days on Chat with no help whatsoever and promises to call me never happened. No phone number to call to talk with anyone, just have to email and wait many days for replies. No one seems at all concerned that I can't pay my bills dues to vendors since they took $26K out of my account or may bounce a lot of checks. There MUST be a number to call someone in emergency situations like this.

Pros

I like that is used to sync with Quickbooks

Alternatives Considered

Bill

Reasons for Switching to Melio

Cost

Pros

it worked great until you have a problem then everything comes to a complete stop with no help

Cons

Support, there isn't any. They suspended a clients account but didn't notify us. When I finally reached someone who could help, I was told what to do and still nothing. This happened in Nov 2021 and still no resolution. I tried to delete my account and sign up again and it connected to a QB account that I have no affiliation with which is scary. They said they would look into it and nothing yet Four months later and nothing but empty promises

Pros

It's easy to use and inexpensive. When needed, the customer service is excellent.

Cons

It would be useful to have the ability to pass on the $1.50 check fee to vendors who refuse to use an electronic payment option.

Alternatives Considered

Bill

Reasons for Switching to Melio

Lower price.

Pros

I love that I can control cash flow easily using Melio - it will remind me about when bills are due, I can easily see what I have outstanding, search for paid/unpaid invoices by vendor and plan out when my bills are best paid.

Cons

I would love to add an entry area to specify the difference between "delivery date" and "due date".

Pros

- Free to use
- Free to send bank transfers
- Low cost to send bank transfers by charging a credit card
- Perfect bill management application
- Gorgeous and responsive UI
- Syncs directly with Quickbooks
- Quick and responsive support staff

Cons

No ability to pay international vendors via credit card transactions, but no one does that so not really a loss.

Alternatives Considered

Bill

Pros

No pros at this point. I thought that this was going to be a great choice, but it is not!

Cons

I processed 13 bill payments on 9/6, the funds were withdrawn from my account immediately. I started to receive phone calls from my credit card accounts, bank, insurance companies saying that payment was never received. I immediately looked at the QBO account, then my checking account. I reached out to MELIO via a chat and email. I was able to chat with a representative who eventually told me that "Unfortunately there was a bug in the system that prevented the payments from going out." REALLY?? And you couldn't even make your clients aware of this when it was occurring or even afterwards?! NOPE, now I have incurred late fees, and penalties. I requested that they overnight mail these checks to my vendors with an explanation of what occurred on their end, but was told that there was no way for the system to expedite payments, but could give me promotions for future payments as long as I was eligible. I requested contact with someone in a supervisory role, but have never heard from anyone. Again, all their fault, but no responsibility taken on their end. This company is just a joke, and I have expressed my concern with their business practices to Quickbooks as well. If you are thinking of a billpay service--stay away from MELIO!!

Pros

The billing is where melio shine, there is no match

Cons

It don’t work that well with accounting software for big client

Alternatives Considered

QuickBooks Desktop Enterprise

Reasons for Switching to Melio

Melio is price great for small businesses

Pros

Great software to get paid quickly on your invoices

Cons

None so far in my almost year of using it. No problems so far

Alternatives Considered

QuickBooks Desktop Pro, FreshBooks, Quickbooks Online, Wave Accounting and Zoho Expense

Reasons for Choosing Melio

Ease of use

Switched From

Square Payments

Reasons for Switching to Melio

Ease of use for clients

Pros

Web Interfact looks good and easy to use

Cons

We use Melio via Quickbooks for Accounts Payable. The system is faulty. Whenever payments are scheduled, they get stuck in the "Schedule" queue. There is no phone number to reach their support staff. Communication is done via a live chat. The customer service representatives assure payment was pushed only to find out days / weeks later the vendors still have not gotten paid. This has a negative impact on the health of our business.

Pros

It eliminates paper checks. We also have a remote bookkeeping team so it lets them prep bills for us to approve easily.

Cons

Payees seem to be confused about onboarding with Melio, it works fine for paying smaller companies but for bigger entities the online onboarding seems to be a roadblock. Sometimes we have multiple emails and phone calls with their accounting people before they figure out what to do. Could make that way more streamlined.

Pros

I like that this software directly links with my QuickBooks account. Payments are very easy to be made and are made in a timely manner.

Cons

I don't like the new feature of how invoices are listed in the inbox. It should be listed in the order that I entered the bills and they are not.

Pros

nothing good just hold of the money for months

Cons

Support line - 1 hour waiting, not able to resolve issue, international payment option does not work - money held indefinitely